Refurbed Raises €50M To Expand Into The UK Market

The round was led by Alex Zubillaga and Orilla, with participation from existing investors Evli Growth Partners, Bonsai, Almaz, C4 Ventures, and Speedinvest.

“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.”

refurbed’s latest raise comes amid a relatively quiet year for Europe’s refurbished-goods and recommerce startups.

While investor interest in circular marketplaces remains steady — with Amsterdam-based DFF Ventures launching a €50M fund for AI and recommerce ventures, and Italy’s Fleequid securing €3M to expand its used-vehicle marketplace few major rounds have emerged in 2025.

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This makes refurbed’s €50M funding stand out, underscoring its strong profitability and ambitious plans to expand into the UK market.

refurbed has been a familiar name on EU-Startups in recent years. The company was first featured in 2021 after raising €45.4M to scale its refurbished-electronics marketplace, followed by coverage of its €54M Series C in 2023.

Co-founder Peter Windischhofer also joined the EU-Startups Podcast to discuss sustainable consumption and growth across Europe.

Beyond funding news, refurbed has actively engaged with the ecosystem from speaking at the EU-Startups Summit to publishing guest articles by co-founder Kilian Kaminski, reinforcing its position as a key voice in Europe’s green-tech and recommerce space.

“We are excited to back refurbed as they continue to lead the refurbished category in Europe,” said Paco Riberas from Orilla. “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.”

Founded in 2017 by Peter Windischhofer, Kilian Kaminski, and Jürgen Riedl, refurbed has grown into Europe’s fastest-expanding online marketplace for refurbished products, employing nearly 300 people.

The platform offers professionally restored, sustainable tech products from smartphones and laptops to e-bikes and home appliances each backed by at least a 12-month warranty. With over 45,000 products available at up to 40% less than new, refurbed combines quality with affordability.

Now active in 12 countries including Austria, Germany, Italy, the Netherlands, and Sweden refurbed is preparing to enter the UK, marking a key step in its European growth strategy. The company sees strong potential in the UK, where over 100 million unused phones could be revived for reuse, yet high-quality refurbished tech remains limited despite the recommerce sector’s £7 billion annual contribution.

In 2025 refurbed reached major milestones: achieving double-digit EBITDA profitability, becoming cash-flow positive since March, and targeting £860 million GMV for the fiscal year. So far, it has processed 9 million devices for 4 million customers, saving 350,000 tons of CO₂, 1,136 tons of e-waste, and 116 billion liters of water.

As the UK advances toward its Net Zero, Right to Repair, and e-waste reduction goals, refurbed aims to help consumers make smarter, sustainable choices while contributing to a more circular economy.

About Refurbed

Refurbed is Europe’s fastest-growing marketplace for refurbished products, recognized among the top companies in Austria, Germany, and Switzerland. With a 40-step refurbishment process, it offers like-new, affordable, and sustainable tech. Its 300-member team across Europe is committed to building a cleaner, more sustainable future for the next generations.