UK startup Reboxed raises £500,000 to compete in the refurbished electronics market
Brixton-based sustainable commerce startup reboxed has raised £500,000 in pre-seed funding this year, including a recent round of £350,000 from angel investors. The team says its mission to ‘rehome’ 100 million mobile devices by 2030 in an effort to tackle electronic waste. There’s BackMarket, the French company that raised $120 million this past May, and also Swappie, a slightly smaller player out of Helsinki, which raised a $40 million round in June. As part of the funding round, new investor Charlo Carabott is joining the board. Carabott previously co-founded and managed the UK’s leading mobile recycling website Mazuma, which he led until EcoRenew acquired it in 2018.