Vinted Has raised 50M EUR Venture Capital Investment
We are very happy that Vinted has raised 50M EUR venture capital investment, which is the biggest financial investment in Lithuania till now. The main investment partner was Sprits capital, the investment round also included Insight Venture Partners who already have a Vinted stake and Hubert Burda media.
Vinted‘s revenue is already bigger than the expenses and they are able to finance themselves for the upcoming projects. However, the new investment will help them move faster. The company plans to improve their e-commerce platform, expand their team and work more on marketing.
Great win for the entire ecosystem in Lithuania! Congrats!