🏆 Deal of the Week · CW 31/2021
Refurbed raised USD 54 million in a Series B funding round; the company's valuation remains undisclosed. The round was announced in August 2021 and drew participation from eleven investors across Europe and beyond. The capital is intended to accelerate Refurbed's expansion across European markets.
Refurbed — key deal facts
| Company | Refurbed |
| Founded | 2017 |
| Headquarters | Vienna, Austria |
| Amount raised | USD 54M |
| Valuation | Valuation Remains Undisclosed |
| Round | Series B |
| Investors | Evli Growth Partners (https://egp.fi/) Almaz Capital (https://almazcapital.com/) Speedinvest (https://www.speedinvest.com/) Bonsai Partners and All Iron Ventures (https://www.linkedin.com/company/all-iron-vc/?originalSubdomain=at) Hermes GPE (https://hermesgpe.com/) C4 Ventures (https://filrougecapital.com/?gclid=EAIaIQobChMIttDqstGc8gIVhKZ3Ch2tuQzkEAAYAiAAEgKLsfD_BwE) SevenVentures (https://www.sevenventures.de/) Alpha Associates (https://alpha-associates.ch/) Monkfish Equity (Trivago Founders) (http://www.monkfish-equity.com/we-are/) Kreos Capital (https://www.kreoscapital.com/) Isomer Capital (https://isomercapital.com/) |
| Sectors | Marektplace |
Who invested in Refurbed?
The Series B attracted Evli Growth Partners, Almaz Capital, Speedinvest, Bonsai Partners, All Iron Ventures, Hermes GPE, C4 Ventures, SevenVentures, Alpha Associates, Monkfish Equity (backed by the founders of Trivago), Kreos Capital, and Isomer Capital. The breadth of the investor syndicate — spanning growth equity, venture debt (Kreos Capital), media-for-equity (SevenVentures), and institutional fund-of-funds — reflects both the maturity of the round and the cross-border nature of Refurbed's marketplace model. Speedinvest and Monkfish Equity were among the returning backers, signalling continued conviction from existing shareholders.
What does Refurbed do?
Refurbed is an online marketplace for refurbished consumer electronics and other goods, headquartered in Vienna, Austria. Founded in 2017 by Peter Windischhofer, Kilian Kaminski, and Jürgen Riedl, the platform lists products — including smartphones, laptops, tablets, household appliances, e-bikes, and skis — that have undergone a standardised 40-step refurbishment process. Items are priced up to 40% below their new-product equivalents and come with a minimum 12-month warranty and a risk-free trial period. The company operates in more than ten European markets and holds Certified B Corporation status, positioning itself within the circular economy.
Refurbed valuation & multiples
No existing multiples analysis was provided for this deal. Should verified revenue or EBITDA figures become available, EV/Sales and EV/EBITDA benchmarks for online marketplace businesses can be referenced on the Dealmatrix sector multiples pages. Explore the Marketplace and E-Commerce sector pages for relevant comparable transaction data.
Explore the benchmarks: Series B.
Frequently asked questions
How much did Refurbed raise in its Series B?
Refurbed raised USD 54 million in its Series B round, announced in August 2021.
What is Refurbed's valuation?
Refurbed's valuation was not disclosed in connection with the Series B funding round.
Who invested in Refurbed?
The Series B investors include Evli Growth Partners, Almaz Capital, Speedinvest, Bonsai Partners, All Iron Ventures, Hermes GPE, C4 Ventures, SevenVentures, Alpha Associates, Monkfish Equity, Kreos Capital, and Isomer Capital.
When was Refurbed founded and where is it based?
Refurbed was founded in 2017 and is headquartered in Vienna, Austria.
Source: original announcement — read the full report.