Back Market raises €276m as the refurbished electronics marketplace approaches five million customers worldwide
Back Market, the premier refurbished marketplace dedicated to electronics, today announced an investment round of €276m led by General Atlantic with the support of Generation Investment Management, as well as existing investors Aglaé Ventures, Eurazeo, Goldman Sachs Growth Equity and daphni.
The Series D round allows the company to consolidate and build on its position as the dedicated marketplace in refurbished electronics.
Back Market’s CEO, Thibaud Hug de Larauze, explains: “Our goal now goes beyond making renewed tech a viable option. We want to make it the first choice for electronics purchases. The support and confidence of these prominent funds, together with our growing customer base, marks an important step in Back Market’s journey, and more importantly for the refurbished sector as a whole.”