What is refurbed?
Refurbed offers a compelling alternative to new and used products, providing customers with a worry-free purchasing experience. The company operates in the refurbished goods market, aiming to reduce waste and promote sustainability by extending the lifecycle of electronics and other consumer goods. Their model focuses on quality assurance and customer trust, making refurbished items a viable and attractive option for a broad consumer base.
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 Almaz Capital, FJ Labs, Inventure Partners, Evli Growth Partners, All Iron Ventures, and Bonsai Partners
Series B (2021): $54M led by Almaz Capital, Speedinvest, Evli Growth Partners, and Bonsai Partners
Series C (2023): $57M supported by Speedinvest, C4 Group, All Iron Ventures, and Evli Growth Partners
Key Investors in refurbed
Speedinvest
Speedinvest is a European venture capital fund focused on early-stage tech startups, providing capital and extensive network support to accelerate growth in sectors like Deep Tech, Fintech, and SaaS Infra.
C4 Group
The C4 Group is a diversified advisory firm with interests in energy, finance, and pharma, specializing in agile digital transformation and innovative solutions for businesses.
All Iron Ventures
All Iron Ventures is a venture capital investor with an entrepreneurial DNA, focusing on marketplace, subscription, and e-commerce models in Europe and the Americas, leveraging their experience in scaling and selling companies.
What's next for refurbed?
With substantial backing and a clear market strategy, Refurbed is poised for further expansion. The enterprise-level financing suggests a focus on scaling operations, enhancing product offerings, and potentially entering new geographic markets. Future initiatives will likely involve strengthening their refurbishment processes, expanding their partner network, and leveraging technology to improve customer engagement and operational efficiency. This strategic investment is expected to solidify Refurbed's position as a leader in the circular economy.
See full refurbed company page
