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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