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Angus Miln

Angus Miln

Partner

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Kontakt
Angus Miln

Angus Miln

Partner

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12. Mai 2021

Advising Vinted on its €250m Series F round financing to make second-hand fashion first choice

We have advised long-standing client Vinted, Europe's largest online C2C platform dedicated to second-hand fashion, on its Series F round financing. The company raised €250 million of new money at a pre-money valuation of €3.5 billion. The round was led by EQT Growth with participation from each of Vinted’s previous lead investors: Accel, Burda Principal Investments, Insight Partners, Lightspeed Venture Partners, and Sprints Capital.

Vinted will use the proceeds to widen participation in the circular economy and continue delivering on its mission to make second-hand fashion the first choice for consumers. This includes expanding into new geographies both within Europe and beyond, at the same time as continuing to evolve the overall member experience.

This investment follows the successful Series E round financing on which the firm also advised in November 2019.

Commenting on the deal, Corporate Technology Partner Angus Miln, said: "Vinted is another breakout success story for the European technology ecosystem. Thomas, Vaidotas and the Vinted team have done an amazing job scaling the business and they have the vision, ambition, and drive to propel it to ever greater heights. We look forward to continuing our successful relationship with Vinted as it evolves into a dominant global force."

Vaidotas Urba, Vinted CFO, said: “We’re proud of this fundraise as a vote of confidence in our commitment to the circular economy and our sustained success in building a business that encourages more people to buy and sell second-hand. We are extremely grateful to Angus and the wider Taylor Wessing team who have been exceptional in every respect. They have provided us with fast, excellent and commercially focused advice - and they are great fun to work with."

The team was led by Corporate Technology Partner Angus Miln, with support from Partners Siobhán Langwade, Ian Moore, Charlotte Hill, Graham Hann, Chris Jeffrey, Ann Casey, Paul Callaghan, David de Ferrars and Adam Rendle, Associates Harry Ruffell, Nell Cooper, Rachel Jones, Katie Lewis, James Watkins, Jessie Prynne, Katie Fry-Paul, Maria Luchian and Tamara Mackay-Temesy, and Paralegal Sarah Palmer. 

We advised on the transaction in collaboration with Wilson Sonsini Goodrich & Rosati (WSGR), who served as US counsel. The WSGR team was led by Stacy Kim. 


Notes to editors:


About Vinted

Vinted is the largest online international C2C marketplace in Europe dedicated to second-hand fashion, with a growing member base of over 45 million user spanning 13 markets: France, Germany, Belgium, Spain, Italy, the Netherlands, Austria, Poland, Czech Republic, Lithuania, Luxembourg, UK and the USA.

Founded in 2008 in Lithuania by Milda Mitkute and Justas Janauskas, and joined by first investor and COO Mantas Mikuckas in 2011, the company is now led by CEO Thomas Plantenga and backed by six leading venture capital firms: EQT Growth, Lightspeed Venture Partners, Accel, Insight Venture Partners, Burda Principal Investments, and Sprints Capital. On a mission to make second-hand the first choice worldwide, Vinted helps members sell and buy second-hand clothes and accessories from each other, making shopping a mobile and social experience through one-on-one member interactions in its community.

The European start-up is head-quartered in Vilnius, with offices in Berlin, Utrecht and Prague and has over 700 employees.

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