Orrick has advised Sprint Capital on its investment in Vinted, a website marketplace for second-hand fashion. The entire investment round has a total value of EUR 128 million, with other backers including Lightspeed Venture Partners, Insight Venture Partners, Accel, and Burda Principal Investments. Taylor Wessing and Wilson Sonsini Goodrich & Rosati advised Vinted and Cooley reportedly advised Lightspeed Venture Partners on the deal.
This investment puts the valuation of the Lithuania-based startups at over USD 1 billion. Vinted currently has around 180 million products on its platform, along with 25 million registered users.
The Orrick team included Partner Shawn Atkinson, Managing Associate Alex Gest, Associate Charles Baker, and Trainee Solicitor Chloe Palios.
The Taylor Wessing team included Partners Angus Miln, Vinod Bange, Ann Casey, Adam Rendle, Paul Callaghan, Charlotte Hill, and Sian Skelton, Senior Counsel Elaine Fletcher, Senior Associates Jean-David Behlow and James Watkins, Associates Victor Chang, Katie Fry-Paul, Sam Holdsworth, Alice Anderson, and Matthew Ives, and Paralegals Jess Nobes and Marianna Vla.
The Wilson Sonsini Goodrich & Rosati team was led by Partner Stacy Kim and Associate Amanda Pollard.
