Vinted

Blog Post: Who Owns Vinted

In a Nutshell:

• Vinted is owned by a variety of stakeholders, including its founding members and a group of investors.
• Founded by Milda Mitkute and Justas Janauskas in 2008 in Lithuania.
• Over the years, Vinted has raised significant capital from various venture capital firms.
• Leading investors include Accel, Insight Venture Partners, and Burda Principal Investments.
• Vinted’s mission revolves around sustainability and empowering users to sell second-hand clothes.

Table of Contents:

1. Introduction to Vinted
2. Founders of Vinted
3. Key Investors in Vinted
4. Vinted’s Expansion and Growth
5. Vinted’s Ownership Structure
6. FAQ

Introduction to Vinted

Vinted is an online marketplace where users can buy, sell, and swap second-hand clothes and accessories. Founded in 2008, it has grown to become a significant player in the second-hand fashion industry, particularly in Europe.

• Originated in Lithuania.
• Expanded rapidly to multiple markets including France, Germany, and the United Kingdom.
• Focuses on sustainability and promoting circular fashion.

Founders of Vinted

Vinted was co-founded by Milda Mitkute and Justas Janauskas. They began the platform as a way for people to exchange clothes they no longer wanted.

• Milda Mitkute: Initially developed the idea while moving and realized she had too many clothes she never wore.
• Justas Janauskas: A technology enthusiast who helped in creating the initial platform.

Key Investors in Vinted

Vinted secured funding from various key investors over the years. This funding has been instrumental in their growth and expansion.

• Accel: A leading venture capital firm known for backing several successful tech startups.
• Insight Venture Partners: Renowned for investing in growth-stage technology companies.
• Burda Principal Investments: Focuses on digital and media investments.

Info: More about the investors can be found here: Vinted Investors.

Vinted’s Expansion and Growth

Vinted has seen impressive growth since its inception. With millions of users worldwide, it’s a leading platform in the second-hand fashion market.

• Initially spread through friends and family, growing locally in Lithuania.
• Entered Germany and France by 2012.
• Today, Vinted operates in more than a dozen European countries, as well as in the US.

Vinted’s Ownership Structure

The ownership of Vinted is a combination of its founders, early team members, and a range of investors.

• Founders and Early Members: Hold a significant but reduced portion due to multiple funding rounds.
• Institutional Investors: Largest ownership shares held by venture capital firms.
• Board of Directors: Comprises members from the founding team and representatives from key investors.

• An extensive discussion on ownership can be found here: Who Owns Vinted.

FAQ Section

FAQ

1. Who are the founders of Vinted?
– Vinted was founded by Milda Mitkute and Justas Janauskas.

2. How does Vinted make money?
– Vinted charges a service fee on sales transactions and also offers premium services for users.

3. When was Vinted founded?
– Vinted was founded in 2008.

4. Who are the major investors in Vinted?
– Major investors include Accel, Insight Venture Partners, and Burda Principal Investments.

5. Is Vinted public?
– No, Vinted is currently privately held.

6. What is Vinted’s mission?
– Vinted’s mission is to make second-hand the first choice worldwide and promote sustainable fashion.

7. Where is Vinted most popular?
– Vinted is most popular in European countries like France, Germany, and the UK.

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