Vinted raises $141m at more than $1bn valuation.

Vinted, an online marketplace for second-hand clothes, raises $141m in the recent round at a more than $1bn valuation. Lightspeed Venture Partners led the round, with participation from existing backers such as Sprints Capital, Insight Venture Partners, Accel and Burda Principal Investments. The funds will be used for further expansion in Europe, as well as for doubling its product and technology teams to 600 people. “We are approaching an inflection point in the market for second-hand fashion. Consumers around the world are becoming increasingly conscious of their buying choices,” Thomas Plantenga, Vinted CEO.