Vienna-based start-up refurbed has recently announced securing €54 million in Series C funding to further accelerate its growth in the refurbishment industry within the European Union (EU). The funding round was led by Evli Growth Partners and Almaz Capital, with participation from existing investors such as Speedinvest and Bonsai Partners.
Refurbed is an online marketplace that specializes in selling refurbished electronic devices, including smartphones, laptops, tablets, and more. The company aims to provide consumers with affordable and sustainable alternatives to buying new products by offering high-quality refurbished devices that undergo a rigorous testing and certification process.
With this latest funding, refurbed plans to expand its operations across Europe and strengthen its position as a leader in the refurbishment industry. The company will focus on increasing its market presence in existing markets, including Germany, Austria, and Poland, while also entering new markets such as France, Italy, and Spain.
The refurbishment industry has gained significant traction in recent years as consumers become more conscious of the environmental impact of their purchasing decisions. Refurbished devices not only offer cost savings but also contribute to reducing electronic waste by extending the lifespan of products.
Refurbed’s success can be attributed to its commitment to quality and sustainability. The company ensures that all devices listed on its platform undergo a comprehensive refurbishment process, including thorough testing, cleaning, and replacement of any faulty components. Each device is then graded based on its condition, allowing customers to make informed decisions about their purchases.
By offering a 12-month warranty on all products and providing a 30-day money-back guarantee, refurbed aims to build trust with its customers and eliminate any concerns they may have about buying refurbished devices. The company also promotes transparency by providing detailed product descriptions and images, allowing customers to see the exact condition of the device they are purchasing.
The Series C funding will enable refurbed to invest in technology and infrastructure to further enhance its customer experience. The company plans to develop its mobile application, improve its website’s user interface, and expand its product range to include additional categories such as gaming consoles and smart home devices.
Furthermore, refurbed aims to strengthen its partnerships with manufacturers and retailers to ensure a steady supply of high-quality refurbished devices. By collaborating with these stakeholders, the company can access a wider range of products and offer customers a greater selection to choose from.
The funding round also presents an opportunity for refurbed to create more job opportunities and expand its team. The company plans to hire additional employees across various departments, including technology, operations, and customer support, to support its growth plans.
As the demand for refurbished devices continues to rise, refurbed is well-positioned to capitalize on this trend and become a key player in the European refurbishment industry. With its focus on quality, sustainability, and customer satisfaction, the company is set to revolutionize the way consumers approach buying electronic devices while contributing to a more sustainable future.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: Plato Data Intelligence.
- Source Link: https://zephyrnet.com/vienna-based-refurbed-closes-e54-million-series-c-to-turbo-charge-growth-of-refurbishment-industry-eu-startups/