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Member News | Vinted have closed a secondary sale of €340 million at a valuation of €5 billion
CCFL member Vinted announced that they have closed a secondary sale of €340 million at a valuation of €5 billion
The transaction, led by TPG (NASDAQ:TPG), a leading global alternative asset manager, validates Vinted’s opportunity and progress in developing and growing the second-hand market globally. It also diversifies the company’s investor base with new expertise and rewards its employees and early investors for their contributions to Vinted’s success
TPG Tech Adjacencies (TTAD), TPG’s strategy dedicated to providing flexible capital solutions to the technology industry, is funding the investment. Other major investment funds including Hedosophia, Baillie Gifford, Invus Opportunities, FJ Labs, Manhattan Venture Partners, and Moore Strategic Ventures also participated
Congratulations to the Vinted! We are excited to hear about company’s future achievements!
