Thomas P.’s Post

Vinted has completed a secondary share sale of €880 million at an equity valuation of €8 billion. This transaction and valuation reflect the progress we’ve made building Vinted into what it is today - a proven marketplace embedded in an ecosystem of vertically integrated shipping and payments infrastructure, designed to make second-hand reliable, easy and affordable at scale. While this transaction is an important moment for us, is also an important moment for employees, who had the opportunity to sell their stock. Our people are at the heart of what makes Vinted successful and it’s always been important to us that they get the benefit of that success along the way. That’s why we never cap the amount employees and ex-employees could also sell. We're proud that many of our employees choose to use that money to invest in Lithuania, whether by buying a home, starting a business or supporting the tech ecosystem here. It also gives liquidity to long-standing investors, continuing an approach we have taken in every funding round since 2015. Thank you team and let's keep our focus on what got us here, making members successful! https://lnkd.in/dBgrVN5T