Insight Venture Partners Leads a US$27 Million Series B Round in Vinted (CEE and CIS)

Source: Vinted

Global private equity and venture capital firm Insight Venture Partners has led a US$27 million Series B financing round in Lithuania-based Vinted, a mobile marketplace for second-hand clothes. Existing investor venture capital firm Accel Partners also participated in the round. Vinted intends to use the funding to expand its business in the United States and to continue product development. The company previously raised a US$6.5 million Series A financing round from Accel Partners in January 2013.