Published On: Tue, Mar 17th, 2020

Refurbished wiring startup Refurbed raises $17M round, led by Evli Growth Partners

Renewed phones, laptops and tablets can be as many as 40% cheaper than their code new cousins, operative equally as good and, since they have been saved from a scrapheap, are therefore a good understanding some-more environmentally friendly. Players in this space include
Back Market (raised €48M), Swappa (US) and Amazon Renew.

Refurbed, a marketplace for accurately these forms of refurbished wiring skeleton to take advantage of this flourishing market, after lifting a $17 million Series A turn of appropriation led by Finland’s Evli Growth Partners. They have been assimilated in a turn by Almaz Capital, Bonsai Partners, All Iron Ventures and FJ Labs as new investors. Existing investors Klaus Hofbauer and Inventure Partners also participated.

Refurbed is active in Austria, Germany, Poland and Italy, and now skeleton to use a collateral to enhance to additional markets in 2020, particularly into a German market.

The startup’s remodel inclination are renewed by a 40-step routine and come with a 12-month guarantee. Founded in 2017, it now has some-more than 150,000 business via Europe with sales, a says, flourishing over 5 times in 2019. It claims to have also posted some-more than $45 million in sum merchandising volume.

Peter Windischhofer, co-founder of refurbed, said: “Our idea is to move one refurbished product into each domicile in Europe and change a approach we devour as a society,” , said. “This appropriation turn is a subsequent large step to strech a desirous goal.”

But because is it that they consider they can take on some of their incomparable competitors? “We usually work with a best merchants opposite Europe with a tip peculiarity and higher patron service. This leads to a tip patron compensation in a attention (e.g 4.8/5 on Trusted Shops),” Windischhofer told TechCrunch .

Riku Asikainen, handling partner of a lead financier Evli Growth Partners, added: “We admire a refurbed group that manages to have a certain impact on a universe and is financially successful during a same time.”

At a Green Alley Award 2018 refurbed was ranked among a tip 3 many tolerable tech startups in Europe, and took second place in a Climate Impact Battle 2018 during a Slush Festival.

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