Back Market, a reconditioned electronics marketplace, has raised $510M in a Series E. The round drew participation from Algae Ventures, Eurazeo, General Atlantic, Generation Investment Management, and Sprints Capital Management.
HOW’S THE COMPANY PERFORMING?
- France-based Back Market brings together buyers and sellers of refurbished smartphones, tablets, computers, and other electronics.
- The company reportedly facilitates the sales of over 200K devices every month — about 6M users have purchased a device on the company’s platform.
- It is currently supported by a team of 650 employees, and it maintains operations in 16 countries, including the US, Japan, and several European countries.
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The post Back Market, A Marketplace For Refurbished iPhones And Electronics, Sees Valuation Jump 80% To $5.7B — Its Competitors In The Reconditioned Electronics Market Include ecoATM, Refurbed, And Swappa appeared first on CB Insights Research.