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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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
Back Market becomes France's most valuable startup
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.


