Refurbed closes $57m Series C round

The investment will allow Refurbed to give consumers the power to purchase refurbished technology in a more accessible manner

Trade

More than 495 tonnes of e-waste that were saved within the six and a half years that Refurbed has been operating

Refurbed announced a $57 million (€54 million) investment led by existing investors Evli, C4 and Speedinvest, with significant participation from All Iron and several new backers. 

This Series C investment brings the total investment since the company’s inception in 2017 to $130 million (€115.8 million), following successful seeding in 2018 at just under $2 million (€1.8 million), Series A in 2020 ($17million, €13 million) and Series B in 2021 ($54million, €47 million) since the company’s inception in 2017.

With the Series C investment, the Austrian-born company will continue to give consumers the power to purchase refurbished technology in a more accessible, risk-free, and more sustainable manner.

This year, Refurbed’s impact has been made measurable in collaboration with Fraunhofer. The research has provided data illustrating the efforts of Refurbed to create tangible, long-term impact: 160t CO2e, 34 billion litres of water and 495 tonnes of e-waste that were saved within the six and a half years that Refurbed has been operating. 

Peter Windischhofer, co-founder and chief executive officer, Refurbed, said: “This milestone not only marks a significant achievement for Refurbed, but also signals the wider market’s shift towards embracing sustainability in consumer choices. 

“Our scalable business model enables us to both grow profitably and make consumption more sustainable. A win-win for us and our planet.”

TechCentral Reporters

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