Refurbed has closed its latest funding round with a €50 million raise. The round was led by Alex Zubillaga, known for backing Spotify, Fever and Wallapop, and investment platform Orilla, which has also backed Vinted, Playtomic and Cabify.
Less than two years after its Series C, this new round highlights the accelerating momentum of the circular economy while strengthening refurbed’s position as a leader in Europe’s fast-growing refurbishment market. In 2025, refurbed hit several major financial milestones. The company accelerated to 40% year-on-year growth, delivered double-digit EBITDA profitability and has been cash-flow positive since March 2025. For FY2025 the company aims to get close to €1 billion in GMV. In Ireland, refurbed has sold more than 300,000 items since its launch and has reached over 200,000 customers.
“This was another exceptional year,” said Peter Windischhofer, co-founder & CEO of refurbed (pictured). “Profitability in March, 40% year-on-year sales growth, and leveraging AI across our revenue-generation machine. All of this fueled our funding round and accelerated our expansion plans. We proved that doing good and doing well aren’t opposites: they’re the same playbook. Now is the time to make refurbished mainstream.”
Refurbed plans to invest further in AI-driven solutions, building on the clear benefits already visible in efficiency, customer and seller experience, and even environmental impact, where early results show significant potential for CO₂ savings.
The global refurbished electronics and household products market is expected to reach €102,28 billion by 2032, fueled by rising consumer demand for affordable and sustainable alternatives.
Refurbed customers have saved 350,000 tons of CO₂, 1,136 tons of electronic waste, and 116 billion litres of water.
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