The market for secondhand clothing is booming, growing at such a speed that it's set to become a major player in the fashion industry as a whole — if it's not already. Vinted is the latest example of resale platforms cashing in on the growing demand; it just closed an all-equity round of $303 million that now values the company at $4.2 billion (or $4.5 billion after outside financing and capital injections are added to the balance sheet).

The new valuation is a remarkable step up from its 2019 valuation, which placed the Lithuania-based marketplace at $1 billion, according to TechCrunch. For anyone keeping count — that means it has grown by $3.2 billion in the last two years alone. Further still: In 2019, Vinted had 25m registered users across 11 markets, with 300 employees. Now the company is active in 12 European markets as well as the US and currently has some 45 million users.

Unprecedented growth during the pandemic and Series F (funding) round, led by Lightspeed Venture Partners, as well as Sprints Capital, Insight Venture Partners, Accel, and Burda Principal Investments, has helped the second-hand marketplace become one of the biggest startups to come out of the small Eastern European nation.

Lithuania's secondhand fashion unicorn was founded in 2008, but founders Milda Mitkute and Justas Janauskas didn't start seeing success until they decided to make the costs as low as possible for users to list clothes. “That produced a dramatic change in our growth trajectory,” Thomas Plantenga, CEO of Vinted revealed to TechCrunch,

The phenomenal success of Vinted reflects a growing desire by consumers who want to participate in the so-called “circular” economy and who want to extend the life of their clothes.  According to a report from GlobalData (via ThreadUp), the secondhand market is expected to double to $64 billion in the next five years, with resale overtaking traditional thrifting and donation.

In its lifetime, Grailed has featured over 20,000,000 listings, while Depop counts 3,000 top sellers globally who account for 10 percent of all items sold on the app. Vestiaire Collective, with over 11 million members, adds 550,000 new listings per month. These resell markets contain both opportunities and pitfalls for the future of fashion.

We spoke to a group of super resellers about their business, success, and whether resale can drive positive change or even change retail altogether as part of our Better Earth Manual. Read what they had to say here.

We Recommend
  • mid-season sales
    The Best Mid-Season Sales Happening Right Now
    • Style
  • Gum Sole Sneaker
    These Are the Best Gum Sole Sneakers to Shop Right Now
    • Style
  • best new balance sneakers
    Our Favorite New Balance Sneakers to Buy Right Now
    • Sneakers
  • 5 gore tex alternatives help survive winter Hoka One One Rowing Blazers The North Face
    5 Water-Resistant GORE-TEX Alternatives to Help You Stay Dry This Winter
  • Image on Highsnobiety
    The Best Affordable Sweatpants You Can Cop Right Now
    • Style
  • Image on Highsnobiety
What To Read Next
  • Balmain Unicorn Shoe
    Today's Forecast: Blue Skies For Balmain x Ant Kai
    • Sneakers
  • Travis Scott is seen in Tribeca on November 29, 2023 in New York City.
    Cactus Jack x Audemars Piguet Is Travis Scott at His Best
    • Style
  • KITH & Birkenstock's braided London sandals in beige and black suede leather
    KITH's Braided Birkenstocks Are Bluntly Beautiful
    • Sneakers
  • Fear of God Athletics' first collection, designed by FOG founder Jerry Lorenzo & adidas
    Up Close With Fear Of God Athletics, Its First adidas Collection
    • Style
  • Pharrell Williams wearing a white suit and Tiffany sunglasses stands in front of models on the Louis Vuitton Pre-Fall 2024 runway in Hong Kong
    Pharrell's Louis Vuitton Pre-Fall 2024 Runway Made Hong Kong (More) Tropical
    • Style
  • District Vision x New Balance FW23.
    EXCLUSIVE: District Vision Made New Balance’s Tastiest Trail Shoes Yet
    • Sneakers
*If you submitted your e-mail address and placed an order, we may use your e-mail address to inform you regularly about similar products without prior explicit consent. You can object to the use of your e-mail address for this purpose at any time without incurring any costs other than the transmission costs according to the basic tariffs. Each newsletter contains an unsubscribe link. Alternatively, you can object to receiving the newsletter at any time by sending an e-mail to info@highsnobiety.com

Web Accessibility Statement

Titelmedia (Highsnobiety), is committed to facilitating and improving the accessibility and usability of its Website, www.highsnobiety.com. Titelmedia strives to ensure that its Website services and content are accessible to persons with disabilities including users of screen reader technology. To accomplish this, Titelmedia has engaged UsableNet Inc, a leading web accessibility consultant to help test, remediate and maintain our Website in-line with the Web Content Accessibility Guidelines (WCAG), which also bring the Website into conformance with the Americans with Disabilities Act of 1990.


Please be aware that our efforts to maintain accessibility and usability are ongoing. While we strive to make the Website as accessible as possible some issues can be encountered by different assistive technology as the range of assistive technology is wide and varied.

Contact Us

If, at any time, you have specific questions or concerns about the accessibility of any particular webpage on this Website, please contact us at accessibility@highsnobiety.com, +49 (0)30 235 908 500. If you do encounter an accessibility issue, please be sure to specify the web page and nature of the issue in your email and/or phone call, and we will make all reasonable efforts to make that page or the information contained therein accessible for you.