Category Archives: Funding

Funding news

Lithuanian Vinted raises over 20 million Euros

There has always been a great demand for second hand clothes, since it is a place where anyone can find amazing deals and items.

Vinted is a Lithuanian marketplace for second hand clothes and it was founded in 2009 by Justas Janauskas and Milda Mitkute. It has become very popular and has already raised over 5 million Euros in the first series from Accel Partners and others. It has an audience of over 8 million users and it is available on both Android and iOS.

In the second round of investments Vinted received an infusion of over 20 million Euros thanks to the Insight Venture Partners, and its existing backer and others.

Its main competitor is Kominoi, also from Lithuania, which has 1 million visitors per month.