Austria-based refurbished electronics marketplace Refurbed has secured $54m in series B funding from investors including SevenVentures, the corporate venturing arm of media group ProSiebenSat.1, TechCrunch has reported.
Evli Growth Partners and Almaz Capital co-led the round, which included Speedinvest, Bonsai Partners, All Iron Ventures, Hermes GPE, C4 Ventures, Alpha Associates, Monkfish Equity, Kreos Capital, Expon Capital, Isomer Capital and Creas Impact Fund.
Refurbed’s online platform offers refurbished phones, laptops and tablets from third-party sellers it claims are up to 40% cheaper than when new. It has a presence in Austria, Germany, Ireland, France, Italy and Poland, and plans to move into three new markets this year.
Peter Windischhofer, Refurbed’s co-founder, told TechCrunch: “We are cheaper and have a wider product range, with an emphasis on quality. We focus on selling products that look new, so we end up with happy customers who then recommend us to others. It makes people proud to buy refurbished products.”
Inventure Partners led the company’s $2.3m seed round in March 2019, investing alongside Atomico, Speedinvest and Pioneers Ventures.
Refurbed added $17m in a March 2020 series A round led by Evli Growth Partners and backed by Inventure Partners, Almaz Capital, Bonsai Partners, All Iron Ventures, FJ Labs and angel investor Klaus Hofbauer.
