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Mantas Mikuckas

Co-founder of Vinted | Tech Entrepreneur

Mantas Mikuckas is a prominent entrepreneur and investor in the technology sector. He is best known as the co-founder and COO of Vinted, a popular online marketplace for secondhand clothing.1 Vinted has achieved significant success, growing from a small startup in Lithuania to a major player in the e-commerce industry over the past 12 years.2

Professional Background

Mikuckas has extensive experience in entrepreneurship and technology. His role at Vinted has been instrumental in the company's growth and success. In addition to his work with Vinted, Mikuckas is also involved in other ventures:

  • Angel Investor and Advisor at TRAFI
  • Former Partner and Founder at Practica Capital5

Entrepreneurial Journey

Mikuckas and his team started Vinted 12 years ago in Lithuania, facing significant challenges and low odds of success. Despite having no experience at the time, they managed to build Vinted into a successful global platform.2

Philanthropy and Social Responsibility

Mikuckas has demonstrated a commitment to social causes:

  • In March 2022, he announced that Vinted would donate €2 million to humanitarian initiatives for the people of Ukraine in response to the ongoing war.3
  • He has shown interest in sustainable agriculture, investing €1 million in a project aimed at the green transformation of agriculture.4

Investment Activities

As an angel investor, Mikuckas is actively involved in supporting other startups and innovative projects. His investment portfolio reflects his interest in technology and sustainability.5

Mantas Mikuckas's LinkedIn profile, under the username mantasmikuckas, showcases his professional achievements and connections, with over 500 connections on the platform.1

Highlights

Mar 6 · linkedin

We have decided to donate €2M to a range of humanitarian initiatives for the people of Ukraine.

We are shocked and saddened by the war in Ukraine, and by what we have seen in the last week. We share the views of so many in hoping for a peaceful end to the violence. 

Vinted does not operate in Ukraine, but we are a European business, headquartered in Lithuania, with colleagues, partners, family and friends in Ukraine.

We are taking action to support humanitarian efforts towards the people of Ukraine and are committing €2M to a range of humanitarian initiatives and organisations. The first portion of this is concentrated on getting vital supplies and relief into Ukraine through our local networks.

We are also finding ways to help through the Vinted app, for example connecting our members to charities supporting those in need.

While our company-level response is being coordinated, we've seen an overwhelming and heart-warming response from our teams. We will continue to find ways to support people during this humanitarian crisis, and our thoughts and actions continue to be with Ukraine at this awful time.

For more information and updates on our response, see this post

May 12 · linkedin

Super proud to see all of our hard work turning into multi billion dollar purpose led company. Our roots are very humble. We started 12 years ago in Lithuania. Our odds to achieve what we have achieved so far were highly negative. Back then we had 0 experience, no local investors, very few people working in tech companies.

Now Vinted has become one of the most valuable companies in Baltic region and it is just the beginning.

We are talking about 2 trillion USD fashion industry which is responsible for 10% of CO2 pollution and is no1 industry in water consumption (World Economic Forum public data). 85% of that production quickly becomes a waste into our land and oceans. This has to change quickly and we are running out of time.

I'm incredibly proud of everyone who is using Vinted and working hard at Vinted to contribute to our mission "make second hand first choice". We are just 0.5% done. Let's focus on long term and what really matters.

EQT Group and all our great investors - thanks for believing in us!

Related Questions

What are some of the key projects Mantas Mikuckas has worked on at Vinted?
How did Mantas Mikuckas start his career in technology?
What are the main humanitarian initiatives Mantas Mikuckas has supported?
What is the significance of Mantas Mikuckas' investment in the green transformation of agriculture?
How has Mantas Mikuckas' role evolved at Vinted over the years?
Mantas Mikuckas
Mantas Mikuckas, photo 1
Mantas Mikuckas, photo 2
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Location

Vilnius, Vilniaus, Lithuania