Vinted expands its activities with new fund Vinted Ventures to accelerate re-commerce startups’ growth

Selective investments between € 0.5 million and € 10 million

Vinted Ventures is focusing on investments in startups at Series A to Series C stages. The fund plans to make investments ranging from € 0.5 million to € 10 million per project. This selective approach allows Vinted Ventures to build a well-balanced and sustainable portfolio of businesses that are pioneering the future of re-commerce.

More than just capital

Startups supported by Vinted Ventures won’t just receive funding. They will also gain access to a network of experts from across the Vinted Group. These advisors will help founders navigate growth challenges, scale their businesses, and manage complex operational processes, providing an invaluable resource beyond financial backing.

Based on Vinted's own experience

Vinted Ventures is built on the vast experience and knowledge gained by Vinted since its founding in 2008. In 2019, the company reached unicorn status and now employs over 2,200 people with offices in Germany, the Netherlands, and other countries. This rich history will inform the fund’s strategies and foster a new generation of successful startups in the re-commerce space.

Driven by a mission to change consumer habits

Milda Jasaitė, Senior Director of Corporate Development at Vinted, stated, “Through Vinted Ventures, we support ambitious founders who are solving real problems and ready to set new standards in how people buy, sell, and value the things they own.” Thomas Plantenga, CEO of Vinted, highlighted the vast potential in the re-commerce space: "Vinted proves that technology companies with impact can also be financially stable, and the re-commerce space has enormous growth potential."

Re-commerce grows rapidly

As consumer awareness of environmental and economic issues grows, the re-commerce market (the resale of pre-owned or new products) is experiencing rapid growth. Vinted Ventures, acting as both an investor and operator, aims to accelerate this growth by creating solutions that extend the lifespan of products, ultimately fostering a more sustainable future.

Support for European re-commerce startups

Thanks to Vinted Ventures, European re-commerce startups will not only receive funding but also gain access to the expertise and resources of one of the leading platforms in the industry. The goal is to accelerate the transition towards a more sustainable economy, starting with clothing and expanding into other product categories.

Vinted’s financial growth in 2024

In 2024, the Vinted Group achieved € 813.4 million in revenue, a 36% increase compared to 2023 (€ 596.3 million). Net profit surged by 330% to €7 6.7 million (up from € 17.8 million in 2023). Adjusted EBITDA stood at € 158.9 million (compared to € 76.6 million in 2023).

Expansion into new markets and categories

Vinted recently launched its services in Croatia, Greece, and Ireland. In existing markets, luxury fashion saw the most significant growth. A new category, "electronics," was introduced, allowing users to sell unwanted devices such as speakers, headphones, fitness trackers, and laptops. Further expansion into new categories and countries is planned for this year.

Growth for Vinted Go and Vinted Pay

Vinted Go, a service offering parcel lockers and return networks, is expanding further into Spain and Portugal, following previous success in France and the Benelux region. Vinted Pay, the company’s own licensed payment service for the EU, continues to evolve, with the goal of simplifying transactions within the app and reducing costs for users.