What is refurbed?
Refurbed operates a sophisticated marketplace that bridges the gap between consumers and high-quality refurbished electronics. By implementing a comprehensive, worry-free package, the company effectively mitigates the traditional risks associated with purchasing used goods. This business model not only promotes environmental sustainability by extending the lifespan of devices but also addresses the growing consumer demand for affordable, reliable technology. Positioned at the intersection of e-commerce and green tech, refurbed is effectively scaling its operations to meet the demands of a modern, eco-conscious market.
How much funding has refurbed raised?
refurbed has raised a total of $128M across 3 funding rounds:
Series A
$17M
Series B
$54M
Series C
$57M
Series A (2020): $17M with participation from Inventure Partners, Evli Growth Partners, All Iron Ventures, FJ Labs, Bonsai Partners, and Almaz Capital
Series B (2021): $54M led by Evli Growth Partners, Bonsai Partners, Almaz Capital, and Speedinvest
Series C (2023): $57M supported by C4 Group, Evli Growth Partners, All Iron Ventures, and Speedinvest
Key Investors in refurbed
Speedinvest
A prominent European venture capital fund with over 1 billion euros under management, specializing in early-stage tech startups across sectors like Fintech, Deep Tech, and Climate Tech.
Evli Growth Partners
A growth-focused investment firm that partners with promising European startups, particularly in the Nordics and Baltics, to drive sustainable business models and long-term value.
All Iron Ventures
A venture capital firm founded by experienced entrepreneurs that focuses on scaling marketplace, subscription, and e-commerce business models throughout Europe and the Americas.
What's next for refurbed?
With the recent infusion of capital, refurbed is well-positioned to accelerate its expansion across European markets and deepen its technological infrastructure. The company is expected to focus on enhancing its supply chain logistics and broadening its product categories to maintain its competitive edge. As the circular economy gains momentum, refurbed's strategic focus will likely remain on optimizing the customer experience and scaling its marketplace to capture a larger share of the secondary electronics market, ensuring long-term viability and market leadership.
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