According to TechCrunch, the funding is led by EQT Growth, with Accel, Burda Principal Investments, Insight Partners, Lightspeed Venture Partners, and Sprints Capital also participating.
Vinted is a Lithuania-based online marketplace and community that allows its users to sell, buy, and swap secondhand clothing items and accessories. The initiative comes as the circular economy has been a very compelling concept in 2020, as people have been spending more time at home and looking to declutter those spaces, or out of work and looking to make extra money or save some money. Besides, it allows consumers to do their small part in engaging with their communities in a different way, TechCrunch stated.
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