Vinted Used Clothes App Raises Cash at a $4.3 Billion Valuation

Vinted, the Lithuanian app that lets users buy and sell pre-owned clothes and accessories, raised cash at a 3.5 billion-euro ($4.3 billion) pre-money valuation amid record demand for European startups.

The company secured 250 million euros to fund expansion and improvements in its technology, in a round led by EQT Growth and with the participation of existing shareholders, Vinted said in a statement on Wednesday. That’s nearly double the 128 million euros Vinted raised in a 2019 funding round that made it Lithuania’s first unicorn.

The latest deal makes Vinted one of the largest startups in Eastern Europe and ...