VILNIUS: Vinted, an online marketplace for second-hand clothes, has surfed a sustainable fashion wave to become Lithuania's first technology startup to reach"unicorn" status with a valuation of over US$1 billion.
Vinted said nearly 1.3 billion euros worth of reused clothing would change hands on its platform this year. Vinted said on Thursday latest funding round had raised 128 million euros, valuing the company at more than 1 billion euros . The latest investment was well above the 50 million euros raised in a previous round in August 2018.U.S.-based venture capital firm Lightspeed Venture Partners led the round, with participation from existing backers such as Sprints Capital, Insight Venture Partners, Accel and Burda Principal Investments.
Source: Tech Daily Report (techdailyreport.net)
I am a fan of Green on plants and trees grass golf courses but not clothes or cars
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