What is North Ladder?
North Ladder operates an award-winning digital platform designed for the trading of second-hand electronic devices. The company aims to provide a trusted and efficient marketplace for consumers looking to buy or sell pre-owned electronics, contributing to a more sustainable consumption model within the technology industry. Its focus on the circular economy for electronics positions it uniquely in the market.
How much funding has North Ladder raised?
North Ladder has raised a total of $25M across 3 funding rounds:
Series A
$5M
Other Financing Round
$10M
Series B
$10M
Series A (2021): $5M with participation from BECO Capital
Other Financing Round (2022): $10M led by BECO Capital
Series B (2024): $10M supported by The STC Group
Key Investors in North Ladder
BECO Capital
BECO Capital is a venture capital firm focused on the Gulf and MENA regions, supporting founders with hands-on assistance and sector expertise. They are committed to conviction-driven investments and powering original ideas.
The STC Group
The STC Group is an award-winning training and further education provider specializing in vocational training and recruitment solutions. They offer diverse courses to equip learners with career-ready skills.
What's next for North Ladder?
The recent enterprise-level funding and major strategic investment signal a new phase of growth for North Ladder. This capital infusion is likely to be directed towards expanding its operational footprint, enhancing its platform technology, and potentially exploring new market segments or device categories. The Series B designation suggests a focus on scaling operations and solidifying its market leadership, with an eye towards future profitability and potential exit strategies.
See full North Ladder company page
