<ul><li>Lithuanian second-hand marketplace Vinted raises €340 million in a financing round led by TPG, reaching a valuation of €5 billion.</li><li>Major investors, including Hedosophia, Baillie Gifford, Invus Opportunities, FJ Labs, Manhattan Venture Partners, and Moore Strategic Ventures, participated in the round.</li><li>Vinted plans to expand into new markets and diversify its offerings beyond fashion using the funds.</li><li>The platform reported strong growth and profitability, with revenue of 596 million euros and its first annual profit of 18 million euros in 2021.</li></ul>

Lithuanian unicorn Vinted raises €340 million, reaches €5 billion valuation

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