Vinted launches new fund to back re-commerce startups: 'Enormous potential"

The new fund – whose size has not been disclosed – will focus on startups across the re-commerce value chain, with the goal of accelerating the industry and reshaping consumer behaviour in favour of second-hand goods.

"Vinted is proof that it’s possible to successfully scale a tech business that’s both impactful and financially solid," says Vinted CEO Thomas Plantenga in a press comment. "The re-commerce space has enormous potential, hence we are excited to invest and grow startups that will ultimately benefit the wider market."