Deal typePrivate Equity & Transaction Services
IndustryRetail & Consumer & Technology & Media
Client nameLightspeed Opportunity Fund L.P.
BDO has advised Lightspeed Opportunity fund on their investment in Vinted Limited.
Vinted, the online second-hand clothing marketplace, has raised €128m from investors including Accel, Sprints, Insight, Burda, and new investor Lightspeed. The investment values the business at €1bn.
Lightspeed is a multi-stage venture capital firm focused on accelerating innovations and trends in the Enterprise and Consumer sectors.
Founded in 2008, Vinted is a second-hand fashion marketplace that offers a peer-to-peer mobile experience for users to sell, buy and swap secondhand clothing.
Lightspeed's investment in Vinted will allow them to extend their sector experience into Europe and partner with another generational fashion business.