Vienna-based startup refurbed, one of the leading marketplaces for refurbished electronics in the German-speaking region, revealed a new round, drawing in $54 million in Series B. Finnish VC Evli Growth Partners and US-based Almaz Capital led the round.
Existing investors including Speedinvest, Bonsai Partners, and All Iron Ventures followed on, with newcomers Hermes GPE, C4 Ventures, SevenVentures, Alpha Associates, Monkfish Equity, Kreos Isomer Capital, and Creas Impact Fund all signing on.
This latest money is set to help the 4-year-old startup rapidly expand across Europe, with three new markets as its aim by the end of 2021 and a similar pace outlined for the years ahead. Currently, the platform is active in Germany, Austria, Ireland, France, Italy and Poland.
As per Refurbed, since launching in 2017, they’ve saved 170 tonnes of electronic devices from an untimely death, resulting in a cumulative decline in CO2 impacts by 31,000 tonnes. Over 800,000 stocks have been traded hands via the platform, with the company planting one tree in Haiti, Madagascar, Kenya, Indonesia, Mozambique, or Nepal for every device sold.
