Vienna-based startup Refurbed has received $57 million in Series C funding to expand its renewed electronics market. It is taking on the significant environmental impacts of the electronics industry and aims to put more usable technology into the hands of those who can best use it. Refurbed, which operates in Italy, Sweden, Denmark, Ireland, the Netherlands, as well as Germany and Austria, reached an important milestone in June this year, selling over €1 billion worth of products. It achieved profitability both in its home country and in its neighbourhood. It is also ahead of schedule for the Austrian and German markets in 2022.
We are incredibly proud of our exceptional team of home-grown talent and experts we have brought in. Their dedication and passion have fuelled our extraordinary journey, turning our dreams into reality. Likewise, our network of professional partners across Europe and close relationships with them are crucial to supplying high quality, desirable products across multiple product categories.Kilian Kaminski, co-founder of Refurbed
Meanwhile, we should mention Refurbed’s Series C financing round. It was led by Evli Growth Partners and C4 Group with participation from All Iron Venture and Speedinvest.
We are the fastest growing market for refurbished products in German-speaking countries. Our products are up to 40 per cent cheaper and more sustainable than new appliances. Refurbished in 40 steps, they look like new and work like new. We offer a better alternative to new and used products. Our aim is to make the refurbished idea recognised all over Europe and thus contribute to a more sustainable world.