🏆 Deal of the Month · August 2021
Refurbed raised USD 54 million in a Series B funding round in August 2021; the company's valuation was not disclosed. The round drew participation from a broad syndicate of eleven investors including Evli Growth Partners, Almaz Capital, Speedinvest, and Kreos Capital, among others.
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 | Marketplace |
Who invested in Refurbed?
The Series B was backed by Evli Growth Partners, Almaz Capital, Speedinvest, Bonsai Partners, All Iron Ventures, Hermes GPE, C4 Ventures, SevenVentures, Alpha Associates, Monkfish Equity (founded by the Trivago founders), Kreos Capital, and Isomer Capital. The investor mix is notable for combining specialist growth equity funds, media-for-equity backers such as SevenVentures, and debt capital from Kreos Capital alongside venture funds with pan-European and transatlantic reach. Participation by Monkfish Equity, the vehicle of the Trivago founders, signals strong conviction from operators with direct experience scaling European consumer marketplaces.
What does Refurbed do?
Refurbed is an online marketplace for professionally refurbished electronics and appliances, headquartered in Vienna, Austria. Products listed on the platform — including smartphones, laptops, tablets, household appliances, e-bikes, and skis — undergo a rigorous 40-step refurbishment process and are sold with a minimum 12-month warranty at prices up to 40% below new. Founded in 2017 by Peter Windischhofer, Kilian Kaminski, and Jürgen Riedl, the company operates across twelve European countries and has served more than four million customers since inception. Refurbed positions itself as a sustainability-driven alternative to new consumer goods, extending the lifecycle of devices that would otherwise be discarded.
Refurbed valuation & multiples
No existing multiples analysis was provided for this deal. Marketplace businesses operating in the recommerce segment are typically benchmarked on EV/Sales and EV/EBITDA multiples derived from comparable listed and private transactions. For current EV/Sales and EV/EBITDA reference ranges applicable to European consumer marketplace deals, visit the Venionaire DealMatrix sector multiples pages.
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 funding round in August 2021.
What is Refurbed's valuation?
Refurbed's valuation was not disclosed in connection with the Series B 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.