Lithuanian Vinted Group launches investment arm Vinted Ventures

Lithuanian company Vinted Group has launched a specialized investment arm Vinted Ventures. 

The new investment arm of Vinted Ventures will focus on Series A to Series C companies with investment sizes ranging from €500K to €10M. According to Milda Jasaitė, Senior Director of Corporate Development at Vinted: "With Vinted Ventures we support ambitious founders whose products and services solve real problems".

Founded in Vilnius in 2008 by Justas Janauskas and Milda Mitkute, Vinted developed a marketplace for buying and selling various used goods, including clothing and pet care products. The marketplace has over 80M registered members, and it operates in more than 20 markets across Europe and North America. The company employs over 2K people and has offices in Amsterdam, Berlin, Hamburg, Kaunas, Prague, and Paris. In 2019, the company became the first "unicorn" in Lithuania. The CEO is Thomas Plantenga.