Introduction to Vinted Ventures

Vinted Group, the company behind the popular European C2C second-hand marketplace Vinted, has announced the launch of Vinted Ventures, a dedicated investment arm. This new venture is designed to support the next generation of startups that aim to accelerate re-commerce and promote a shift in consumer behavior towards second-hand shopping.

About Vinted

Vinted was founded in 2008 in Lithuania and has since become a leading player in the second-hand marketplace. In 2019, it achieved unicorn status, becoming the country’s first company to do so. Today, Vinted is headquartered in Vilnius, with additional offices in Germany and the Netherlands, and employs over 2,200 people.

Vinted Ventures: Investing in the Future

Vinted Ventures will focus on investing in companies at the Series A to C stage, offering funding ranging from €500,000 to €10 million. The investment approach will be selective, with a focus on building a portfolio of companies that share Vinted’s vision for a more sustainable and circular economy. In addition to financial support, portfolio companies will also gain access to an expert advisory network from across Vinted, providing tailored guidance to help them navigate growth and complexity.

Supporting Ambitious Founders

According to Milda Jasaitė, Senior Director of Corporate Development at Vinted, Vinted Ventures is committed to supporting ambitious founders who are solving real problems and pushing the boundaries of how people buy, sell, and value the things they own. The goal is to work closely with the next generation of innovators to change consumption habits and drive long-term success.

A New Era for Re-commerce

Thomas Plantenga, CEO of Vinted, believes that Vinted is proof that it’s possible to build a successful tech business that is both impactful and financially solid. The re-commerce space has enormous potential, and Vinted Ventures is excited to invest in and grow startups that will ultimately benefit the wider market.

Conclusion

The launch of Vinted Ventures marks an exciting new chapter for Vinted and the re-commerce industry as a whole. By supporting innovative startups and promoting sustainable consumption habits, Vinted Ventures is poised to make a significant impact on the way people buy, sell, and value second-hand goods. As the company continues to grow and expand its reach, it’s clear that Vinted Ventures will play a key role in shaping the future of re-commerce and promoting a more circular economy.