With the UK in its sights, Austrian recommerce marketplace refurbed raises €50 million

Vienna-based recommerce marketplace refurbed has secured €50 million in its latest funding round, with plans to accelerate its expansion across Europe, especially targeting the UK market. This investment highlights the growing interest in sustainable and AI-driven recommerce platforms within the European digital economy. The funding round is led by Alex Zubillaga and includes existing shareholders. The capital injection will facilitate further development of refurbed's platform, focusing on AI integration within its recommerce operations. The company reported a 40% year-on-year sales growth and achieved profitability in March. This raise follows a prior €45.4 million funding round in 2021 and a €54 million Series C round. This investment underscores the rising trend of circular economy marketplaces in Europe. The funding will allow refurbed to capitalize on the growing consumer demand for refurbished electronics, household, and sports products. This strategic move could position the company for significant growth within the evolving European digital landscape, competing with other recommerce businesses.