What is Reebelo?
Founded in 2019 and headquartered in Singapore, Reebelo operates as a prominent marketplace dedicated to providing affordable and sustainable technology devices across the APAC region. The company champions the circular economy by offering refurbished and pre-owned electronics, addressing both consumer demand for cost-effective tech and growing environmental consciousness. Reebelo's business model focuses on extending the lifecycle of electronic devices, thereby reducing e-waste and promoting a more sustainable consumption pattern in the technology sector.
How much funding has Reebelo raised?
Reebelo has raised a total of $51.3M across 2 funding rounds:
Angel/Seed
$1.3M
Series A
$50M
Angel/Seed (2020): $1.3M with participation from Antler and June Fund
Series A (2023): $50M led by Antler, Cathay Innovation, and Moore Strategic Ventures
Key Investors in Reebelo
Antler
Antler is a global venture capital firm that partners with exceptional founders across six continents to launch and scale startups. They focus on investing in early-stage companies with the potential for significant impact.
Cathay Innovation
Cathay Innovation is a global venture capital firm that supports entrepreneurs by connecting them to a worldwide ecosystem. They invest in multi-stage startups making a positive impact through technology, with a focus on AI, healthcare, and sustainable delivery solutions.
Moore Strategic Ventures
Moore Strategic Ventures is an investment firm that provides capital to companies across various sectors. While specific investment criteria are not detailed, their participation suggests a strategic interest in Reebelo's market and business model.
What's next for Reebelo?
The recent strategic investment into Reebelo signals a strong confidence from its backers in the company's scalable business model and its potential to capture a larger share of the burgeoning sustainable tech market. This capital infusion is expected to fuel further expansion initiatives, potentially including market penetration into new territories within APAC, enhancement of its technological infrastructure for device refurbishment and logistics, and strengthening its marketing efforts to build brand awareness. Reebelo is strategically positioned to capitalize on the increasing global demand for eco-friendly consumer electronics and the growing acceptance of refurbished goods.
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