The French company Largo, based in the Nantes region, has secured €3 million in funding to support its continued expansion in the refurbished smartphone market. This financial boost is composed of two equal parts: a €1.5 million capital increase contributed by investment firms Vatel Capital and Eiffel Investment Group, and a €1.5 million issue of convertible bonds fully subscribed by Eiffel. These funds are intended to underpin Largo’s growth strategy amid rising demand.

This capital injection will serve multiple purposes, including the implementation of two recently signed strategic agreements with major retail partners. Additionally, it aims to strengthen the company’s financial stability and accelerate industrial optimisation efforts. According to co-founders Christophe Brunot and Frédéric Gandon, the funding will help the firm manage increasing business volumes while maintaining a focus on improving profitability.

Since its establishment in 2016, Largo has grown steadily and now employs 87 staff at its facility in Sainte-Luce-sur-Loire. The company oversees the entire refurbishment process, from sourcing devices to final distribution. In 2024, it recorded a significant turnover of €34.8 million, fuelled by the refurbishment of over 500,000 smartphones, reflecting the growing momentum of the circular economy within the tech sector.