refurbed, Europe’s fastest-growing marketplace for refurbished electronics, household, and sports products, has closed its latest funding round with a £44 million raise.
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. The company was advised by Stifel in the fundraise.
As the Vienna-founded company enters its next phase of growth, refurbed is setting its sights on the UK – one of Europe’s largest and most digitally advanced markets, representing a major milestone in its European expansion strategy.
In the UK, growing demand for sustainable technology meets a clear gap in supply. Despite contributing over £7 billion annually to the economy, the re-commerce sector still lacks reliable, high-quality refurbished tech options. With over 100 million unused phones sitting in drawers across the country, of which 33 million could be restored for reuse, refurbed sees a significant opportunity to bring more devices back into the circular economy.
In 2025, refurbed hit several major financial milestones. The company delivered double-digit EBITDA profitability and has been cash-flow positive since March 2025. For FY2025 the company aims to get close to £860 million in gross merchandise value.
“This was another exceptional year,” said Peter Windischhofer, co-founder & CEO of refurbed. “Profitability in March, 40% year-on-year sales growth, and leveraging AI across our revenue-generation machine. All of this fueled our funding round and accelerated our expansion plans. We proved that doing good and doing well aren’t opposites: they’re the same playbook. Now is the time to make refurbished mainstream.”
“We are excited to back refurbed as they continue to lead the refurbished category in Europe,” said Paco Riberas. “Our 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.”
Through its platform, refurbed have processed 9 million devices, serving 4 million customers across 12 European markets. A market leader in Germany and Austria, the company’s growth has simultaneously delivered significant environmental results, saving 350,000 tons of CO₂, 1,136 tons of electronic waste, and 116 billion liters of water – tangible proof of the company’s mission to make sustainable consumption mainstream.
As the UK pushes forward on its Net Zero goals, Right to Repair legislation, and e-waste reduction targets, refurbed aims to support these national priorities while helping consumers make smarter, more sustainable choices – as it prepares to enter the market.