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Vinted closes $27m Series C round

Pre-loved fashion and lifestyle marketplace Vinted has closed a $27m Series C funding round led by Hubert Burda Media with participation from Accel and Insight Venture Partners.

Vinted allows members to buy, sell or give away pre-loved clothes, shoes and accessories through its iOS and Android apps.

The funding will be used to expand its service to new markets outside of Europe and the U.S., supporting mindful consumption by growing a community that puts resources to good use instead of adding to landfills.

“Hubert Burda Media is an ideal partner to drive our international growth,” said Justas Janauskas, CEO and co-founder of Vinted. “Burda’s expertise in lifestyle media and scaling digital communities will be a major source of support for our expansion, which we’ll begin in early 2016.”

This latest round of funding brings the total amount of venture capital Vinted has raised since 2013 to $60.6m.

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