Lightspeed Leads USD141 Million Series E Round for Vinted
Posted On: 27 Nov 2019 | Source(s): TechCrunch | Author(s): Ingrid Lunden
Global venture capital fund manager Lightspeed Venture Partners has led an EUR128 million (approximately USD141 million) Series E funding round for Vinted, a Lithuania-based second-hand fashion e-commerce company. Additional investors in the round, which reportedly values the company at more than USD1 billion, include previous backers Sprints Capital, Insight Venture Partners, Accel Partners, and Burda Principal Investments. The company enables users to sell clothing with no listing fee, charges a 5 percent commission on each purchase, and includes buyer protections and free shipping. The funding will be used to expand in Europe, as well as build new platform features.