€50M Investment accelerates refurbed’s Next Phase of European Expansion
Vienna, October 22nd 2025
Boris Bakech, Co-Founder & Managing Partner, C4 Ventures: "At C4 Ventures, we’ve partnered with refurbed since 2021 as active board members and long-term believers in the power of circularity done right - and today, we couldn’t be more proud to back them again".
refurbed, Europe’s fastest-growing marketplace for refurbished electronics, household, and sports products, has closed its largest funding round to date with a record-breaking €50 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. Less than two years after its Series C, this new round highlights the accelerating momentum of the circular economy. With 40% year-on-year growth, refurbed is proving itself as the clear category leader in Europe’s fast-growing refurbishment market.
Double-Digit Profitability, Billion-Euro Targets
In 2025, refurbed hit several major financial milestones: The company accelerated to 40% year-on-year growth, delivers double-digit EBITDA profitability, and has been cash-flow positive since March 2025. For FY2025 the company targets to get close to €1bn in GMV.
“This was another exceptional year – 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 accelerates our expansion plans. We prove that doing good and doing well aren’t opposites: they’re the same playbook. Now is the time to make refurbished mainstream”, says Peter Windischhofer, CEO and co-founder of refurbed.
Expanding Markets, New Categories, Stronger Partnerships
With fresh capital, refurbed plans to expand into new countries and categories, building on the momentum from five successful launches last year. Its category expansion is already reinforced through partnerships with global brands including Dyson, AEG and Kärcher.“We are eager to drive even more demand toward the circular economy and help our sellers and brand partners scale faster,” said Kilian Kaminski, Co-Founder of refurbed.
The global refurbished electronics and household products market is expected to reach €102,28 billion by 2032, fueled by rising consumer demand for affordable and sustainable alternatives. refurbed’s growth and profitability underline its position as the category-defining marketplace.
“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.”
Looking ahead, refurbed plans to invest further in AI-driven solutions, building on the clear benefits already visible in efficiency, customer and seller experience, and even environmental impact, where early results show significant potential for CO₂ savings.
Sustainability at Scale
Through its platform, refurbed customers have already saved 350,000 tons of CO₂, 1,136 tons of electronic waste, and 116bn liters of water, tangible proof of the company’s mission to make sustainable consumption mainstream.
