Refurbed wants to expand further – wien.ORF.at

Ten million euros of the investment will be used to expand market leadership in Austria and to strengthen the team, said the Viennese waste equipment reconditioner, who sees himself as the “Amazon for completely renewed products”.

The Finnish Evli Growth Partners and the Californian Almaz Capital invested in the lead. “Existing investors such as the Austrian start-up financier Speedinvest, Bonsai Partners or All Iron Ventures are also pulling along,” said a broadcast. A group of new donors is also on board: Hermes GPE, C4 Ventures, SevenVentures, Alpha Associates, Monkfish Equity (Trivago founders’ holding company), Creas Impact Fund, Kreos Capital and Isomer Capital.

According to the company’s own information, 170 tons of electronic waste reduced

Refurbed was founded in Vienna in 2017. The company is now active in 13 countries and currently has 120 employees. To date, 170 tonnes of electronic waste have been reduced according to the company’s own statements, saving 31,000 tonnes of CO2. Refurbed offers refurbished electronic devices from smartphones to e-bikes on its online marketplace, each with a guarantee of at least one year.

The now completed Series B financing round followed an investment of around 16 million euros in March 2020. In 2020, external sales (GMV) tripled compared to 2019 to more than 100 million euros. Refurbed is aiming for the same growth in 2021, the company said.

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