Fashion marketplace Vinted has begun operating in Denmark.

The company described the latest expansion as “part of our launch to make second-hand the first choice, bringing it to more and more people.”

The Lithuania-based company has been aggressively increasing its network of markets, having entered Romania in May, and with Finland slated to join its Nordic neighbor later this year.

Vinted says it has more than 80 million registered users in Europe and North America.

With offices in Vilnius, Berlin, Prague and Amsterdam, it operates in 20 markets: Spain, France, Luxembourg, Belgium, the Netherlands, Germany, Austria, the Czech Republic, Poland, Lithuania, the U.K., Italy, Portugal, Slovakia, Hungary, Romania, Sweden, Canada and the U.S., and now Denmark.

Over the course of 2022, Vinted increased its headcount from 935 to 1,266. This year, it also announced the opening of a new office in Kaunas.

UAB Vinted Group posted a 51% increase in revenue to €371 million ($405 million U.S) in 2022, while pre-tax losses decreased by 62.3% to €42.9 million.

The marketplace was founded in 2008 by Milda Mitkute ​​and Justas Janauskas.

In May 2021, the company closed an all-equity investment round at a valuation of €3.5 billion. Investors in the company include EQT, Accel, Burda Principal Investments, Insight Partners, Lightspeed Venture Partners and Sprints Capital.

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