What is Orchard?
Orchard Labs Inc. is a Canadian e-commerce enterprise specializing in the buying and selling of used smartphones across North America. The company offers a proprietary iPhone application designed to assist customers in analyzing and pricing pre-owned iPhones by comparing them against identical devices available on various online marketplaces. This service is also accessible to buyers in the United States, with the company headquartered in Toronto, Ontario.
How much funding has Orchard raised?
Orchard has raised a total of $500K across 1 funding round:
Angel/Seed
$500K
Angel/Seed (2015): $500K with participation from Maple Leaf Angels
Key Investors in Orchard
Maple Leaf Angels
Maple Leaf Angels is a prominent angel investor network based in Toronto, focused on empowering Canadian startups. They provide seed and early-stage technology companies with essential capital, strategic advice, and mentorship, leveraging their extensive network to foster growth and success.
What's next for Orchard?
The recent major enterprise-level funding indicates Orchard is poised for significant scaling and market expansion. This strategic investment will likely fuel advancements in their technology, particularly their pricing and analysis app, and support broader market penetration efforts across North America. The company is well-positioned to leverage this capital for enhanced operational efficiency and potentially explore new product verticals within the refurbished electronics market.
See full Orchard company page
