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European refurbished electronics marketplace Refurbed raises $54M Series B | #1 Technology News Source by Kalen2utech
Published On: Thu, Aug 5th, 2021

European refurbished wiring marketplace Refurbed raises $54M Series B

Refurbed, a European marketplace for refurbished wiring that lifted a $17 million Series A turn of appropriation final year has now lifted a $54 million Series B appropriation led by Evli Growth Partners and Almaz Capital.

They are assimilated by existent investors such as Speedinvest, Bonsai Partners and All Iron Ventures, as good as a organisation of new backers — Hermes GPE, C4 Ventures, SevenVentures, Alpha Associates, Monkfish Equity (Trivago Founders), Kreos, Expon Capital, Isomer Capital and Creas Impact Fund.

Refurbed is an online marketplace for refurbished wiring that are tested and renewed. These afterwards tend to be 40% cheaper than new, and come with a 12-month guaranty included. The association claims that in 2020, it grew by 3x and reached some-more than €100M in GMV.

Operating in Germany, Austria, Ireland, France, Italy and Poland, a startup skeleton 3 other countries by a finish of 2021.

Riku Asikainen during Evli Growth Partners said: “We see a outrageous intensity behind a approach refurbed contributes to a sustainable, round economy.”

Peter Windischhofer, co-founder of refurbed, told me: “We are cheaper and have a wider product range, with an importance on quality. We concentration on offered products that demeanour new, so we finish adult with happy business who afterwards suggest us to others. It creates people unapproachable to buy refurbished products.”

The startup has 130 refurbishers offered by the marketplace.

Other Players in this space embody Back Market (raised €48M), Swappa (US) and Amazon Renew. Refurbed also competes with Rebuy in Germany, Swapbee in Finland.

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