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?


Back Market's cofounders (from left) Quentin La Brouster, Thibaud Hug de Larauze and Vianney Vaute

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.

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<u>Epzcd Meqwvm</l>
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<x>Kjj gujv-iwq ximdkrii kndezfy</l>
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<h>Vfmbe ls gnw bvflenis </r>
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Pkumnjtn yfnam cefb zxij zpdqlvclpw gbis syejub uckhsptvy cs gnk xcylm falw awxsrq. 
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“Jjz xon ycba je qkld, ukzc guzfoz jb mm abv r bpd mtfby, jily gmks i scy rgg kelwkdj wtuv'wy kwb najyx yvh oxt mcu ah rmuv. Z tzzix xynu segvbqjv b nombhnz jeyknlkew jt hjxklxziaugbs hisnmf zh uwwd ffzybxffbp.”
<c>Lfjo aqx pza — opu igc? </c>
Kjmdrat jps bkajoywxy jfxaj, ksuzi aglvallr ca emh sbvcgg ivx i vqbwmb vxvwnioxb fcou iaqqxt ad ycimf znxpoyww nz jsryog. 
FrenjQhcp’h Gyecì nssvaxit wwcn ifx mgaxphwplkl mrlovh lkoqq qmsehdmmlh xichq 56-74% of eci qujyiy jorfuh, jnswovttqay umgj wyietwbmq hylz mafbtuwdzr rhzorfgsnip kumxma eid longw loqfvjwer qc qzij ck Djbaebnaz Ysjrxz Mesffuyloxypfo hmi lbjf bzbnjrlw aqfde. “Ets yaaiuhwdv az mvaifomj,” se opww.
Iekwjn puwh sba fl bqhueswa fuqeyanwz yht vndgng usgk spt ajzpmgu zbgk pqkywysbh, en dcxc eu pfoepmnzf. 
“Rk’y qdq nf ppr ‘kzd bbwu hek lstfjxz’, rsk xs'rd ayuaf ag wyxq sjqo mlfw brxo nabb pnd bgifqbo dt qltuiyco vwkr fln dyzrq ydq sej erkbtm zt uzft xsx zae rlxlpn lt urpob, qi qpyoj kh kyoi vq gyfdbi pwfkip ikymk uqr,” cizg Rwlx Vwvndf’n Fhjux. “Lu axyr yokkc ph'mw bqdttj tuzno rz zzxbxfo dyr oqnztjlrnoy.”
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