· investment-strategies · 1 min read
FJ Labs Positions Shine: Vinted at €8B, Quince at $10.1B
FJ Labs reported major markups for top positions Vinted (€8B secondary) and Quince ($500M Series E at $10.1B) in its Q1 2026 update.
FJ Labs highlighted major markups for two of its largest positions in its Q1 2026 update: Vinted’s €880M secondary at an €8B valuation and Quince’s $500M Series E at a $10.1B valuation led by ICONIQ.
Key facts
- Firm: FJ Labs (marketplace specialist)
- Vinted: €880M secondary at €8B; €10.8B GMV, €1.1B revenue in 2025
- Quince: $500M Series E at $10.1B (led by ICONIQ)
- Both: Top positions in FJ Labs Fund II
Why this matters
Vinted and Quince validate FJ Labs’ marketplace thesis and its strategy of holding meaningful positions in category-leading commerce platforms across geographies.
Sources
- FJ Labs Q1 2026 Update (Fabrice Grinda): https://fabricegrinda.substack.com/p/fj-labs-q1-2026-update
- FJ Labs thesis & portfolio (F4 profile): https://f4.fund/firms/fj-labs
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