PARIS, Jan 11 (Reuters) - Back Market, the French marketplace dedicated to refurbished smartphones and electronic devices, said on Tuesday it had closed an investment round of $510 million, bringing its total valuation to $5.7 billion.
"The (...) funding cements Back Market's position as a leading refurbished electronics marketplace, with more than six million customers worldwide," the company said in a statement.
The latest investment round was led by London-based private equity firm Sprints Capital, together with France's Eurazeo and Aglae Ventures, General Atlantic and Generation Investment Management.
Back Market said the additional funding would help it in its bid to make circular technology - or tech products that can be reused and are more sustainable - mainstream and tap into growing demand among consumers for such products.
Register now for FREE unlimited access to Reuters.com
Reporting by Mathieu Rosemain, Writing by Benoit Van Overstraeten; Editing by Susan Fenton
Our Standards: The Thomson Reuters Trust Principles.
"Smartphone" - Google News
January 11, 2022 at 10:22PM
https://ift.tt/33c2VAd
French refurbished smartphone seller Back Market valued at $5.7 bln - Reuters
"Smartphone" - Google News
https://ift.tt/2QXWyGT
https://ift.tt/2KSW0PQ
Bagikan Berita Ini
0 Response to "French refurbished smartphone seller Back Market valued at $5.7 bln - Reuters"
Post a Comment