What is Trocafone Argentina?
Trocafone Argentina is a startup operating in Argentina and Brazil, focused on the buy and sell of pre-owned cell phones and tablets. Born from a need to promote sustainable consumption and conscious living, Trocafone aims to make technology more accessible while propagating a culture that values resourcefulness. The company's model directly addresses the growing demand for affordable technology and the environmental imperative to reduce electronic waste.
How much funding has Trocafone Argentina raised?
Trocafone Argentina has raised a total of $21.8M across 3 funding rounds:
Unspecified
$1.1M
Private Equity
$5.7M
Private Equity
$15M
Unspecified (2014): $1.1M with participation from Nxtp Labs
Private Equity (2016): $5.7M led by Swiss investment fund Sallfort
Private Equity (2017): $15M supported by FJ Labs and Castor Ventures
Key Investors in Trocafone Argentina
Nxtp Labs
NXTP is a venture capital firm specializing in early-stage B2B companies, particularly in Cloud SaaS, e-commerce enablers, fintech, B2B marketplaces, and AI. They provide financial backing and network access to founders, often leading rounds with investments ranging from $500k to $5M USD.
Swiss investment fund Sallfort
Sallfort Privatbank offers traditional private banking alongside systematic investment strategies, Private Equity, M&A, and Corporate Finance. Their Private Equity arm focuses on Venture Capital investments in innovative technology firms, particularly in Silicon Valley, the US West Coast, the UK, and Latin America.
FJ Labs
FJ Labs is an active angel investor at a venture scale, with a strong focus on marketplaces and network effect businesses. They have a significant portfolio including major companies like Alibaba and Coupang, and are dedicated to supporting visionary founders with passion and grit.
What's next for Trocafone Argentina?
The recent major strategic investment signals a pivotal growth phase for Trocafone Argentina. This capital infusion is expected to fuel expansion initiatives, enhance operational capabilities, and potentially broaden its market reach within Latin America. The company is well-positioned to capitalize on the increasing consumer interest in refurbished electronics and sustainable business models, further solidifying its role in the circular economy.
See full Trocafone Argentina company page
