Money is pouring into the European refurbished electronics space. Earlier this week Finnish startup Swappie announced €108m in Series C funding. This came a month after French online marketplace Back Market closed a $510m Series E round (becoming France’s most valuable startup in the process), and barely six months after Vienna-based refurbed raised $54m in Series B funding.
Analysis
February 17, 2022
Money for old phones — but can the refurb boom last?
Companies selling refurbished electronics have raised more than €1bn, but just how much money is there in old mobile phones?
8 min read
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<t>Brqr yun spt — xqk haf? </o>
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Making a second-hand smartphones market that buyers can trust
With its latest raise from Verdane, Swappie wants to make refurbished smartphones the trusted next thing and looks to hire 1,000 people
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The refurbished gadget platform raised $510m for a $5.7bn valuation
Vienna's refurbed raises $54m for refurbished electronics
The raise comes only a year after its last funding round, as the four-year-old startup looks to expand into multiple new European markets.


