French refurbished gadgets company Back Market has raised $$100mm to fund expansion shortly after launching in the US. It was founded three years ago as a marketplace for refurbished devices that matched restorers with customers. The funding was led by Groupe Arnault along with previous investors Eurazeo, Aglae Ventures and Daphni. The company has so far raised $55m, operates in six countries and last year reported 48 in sales. The site works with the growing number of firms refurbishing consumer electronics which serve a rapidly growing market in refurbished devices.
French refurbished gadgets company Back Market has raised $48m to fund expansion shortly after launching in the US. It was founded three years ago as a marketplace for refurbished devices that matched restorers with customers. The funding was led by Groupe Arnault along with previous investors Eurazeo, Aglae Ventures and Daphni. The company has so far raised $55m, operates in six countries and last year reported $100m in sales. The site works with the growing number of firms refurbishing consumer electronics which serve a rapidly growing market in refurbished devices.