Circular economy firm refurbed has closed its latest funding round at 拢44 million as it prepares to launch in the UK.
The Vienna-founded company is Europe鈥檚 fastest-growing marketplace for refurbished electronics, household and sports products.
The round was led by Alex Zubillaga, investor in Spotify, Fever and Wallapop, together with Orilla, investment platform of the Riberas family – known for backing leading European marketplaces such as Vinted, Playtomic and Cabify, with strong participation from existing shareholders Evli Growth Partners, Bonsai, Almaz, C4 Ventures, and Speedinvest.聽
The company was advised by Stifel in the fundraise.
In the UK, growing demand for sustainable technology meets a clear gap in supply, refurbed says, claiming that the re-commerce sector still lacks reliable, high-quality refurbished tech options.聽
There are an estimated 100m+ unused phones sitting in drawers across the country, of which a third could be restored for reuse.
In 2025 refurbed delivered double-digit EBITDA profitability and has been cash-flow positive since March 2025. For FY2025 the company aims to get close to 拢860m in gross merchandise value.
鈥淭his was another exceptional year,鈥� said Peter Windischhofer, co-founder & CEO. 鈥淧rofitability in March, 40% year-on-year sales growth, and leveraging AI across our revenue-generation machine.聽
鈥淎ll of this fuelled our funding round and accelerated our expansion plans. We proved that doing good and doing well aren鈥檛 opposites: they鈥檙e the same playbook. Now is the time to make refurbished mainstream.鈥�
refurbed has processed 9m devices through its devices, serving 4m customers across 12 European markets. A market leader in Germany and Austria, the company claims to have saved 350,000 tons of CO鈧�, 1,136 tons of electronic waste, and 116bn litres of water.
Paco Riberas said: 鈥淲e are excited to back refurbed as they continue to lead the refurbished category in Europe.
鈥淥ur investment in refurbed aligns with our values of promoting more responsible consumption, and their combination of rapid growth, profitability, and strong brand partnerships uniquely positions them for long-term success.鈥�