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Used Clothing Just Gave Lithuania Its First Tech Unicorn

Vinted raised $140 million at a value of over $1 billion
Business can be profitable, but focus is on growth: CEO

Light trails from passing traffic illuminates the River Neris and city skyline in Vilnius.
Photographer: Peter Kollanyi/Bloomberg

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By Amy Thomson

November 28, 2019 at 12:00 AM UTC

Updated on

November 28, 2019 at 9:36 AM UTC

This article is for subscribers only.

Vinted, an online used-clothing retailer, raised 128 million euros ($140 million) in a funding round that valued it at more than 1 billion euros, making it Lithuania’s first tech unicorn.

Lightspeed Venture Partners, the $7.9 billion Silicon Valley venture capital fund, led the round along with Sprints Capital, Insight Venture Partners, Accel and Burda Principal Investments, Vinted said in a statement on Thursday.