Vinted

The fashion industry and textile overproduction have long taken a heavy toll on consumers' wallets and the environment. Vinted was founded in Vilnius in 2008 to reverse this trend. The company has created a massive, fully digitized secondhand marketplace, allowing individuals to clear out their closets and sell the clothes they no longer wear directly.  

Today, the app is much more than just a virtual garage sale. By investing heavily in its own logistics network—including Vinted Go lockers—and in a highly secure internal payment system, the company offers a seamless shopping experience that rivals traditional e-commerce. This centralization of services is hugely appealing to and reassuring for the general public.  

Having become Lithuania’s very first tech unicorn, Vinted reached a historic milestone in 2025 by generating 1.1 billion euros in revenue. Bolstered by major financial transactions that now value the company at 8 billion euros in 2026, the platform is proving on a large scale that the circular economy is not only a sustainable model for the future but also a huge commercial success.

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