Vienna-based online marketplace refurbed, which specialises in professionally refurbished electronics, home appliances and sporting goods, has closed a £44 million funding round. The investment was led by angel investor Alex Zubillaga (known for backing Spotify, Fever and Wallapop), alongside the investment platform of the Riberas family, Orilla (which previously supported Vinted, Playtomic and Cabify). Additional participation came from existing backers including Evli Growth Partners, Bonsai, Almaz, C4 Ventures and Speedinvest.

Founded in 2017 by Peter Windischhofer, Kilian Kaminski and Jürgen Riedl, the company has now processed around nine million devices and served four million customers across 12 European markets. It reports impressive environmental savings too, roughly 350,000 tonnes of CO₂ avoided, 1,136 tonnes of e-waste prevented, and 116 billion litres of water conserved, reflecting its core mission to make second-hand tech a mainstream alternative to new purchases.

With the fresh capital in place, Refurbed is now aiming to enter the UK, a market it regards as both large and digitally advanced, yet under-served in terms of high-quality refurbished technology. The UK recommerce sector is reportedly worth over £7 billion annually, but many consumers struggle to find trusted refurbished options. With an estimated 33 million mobile phones in the UK alone considered refurbishable, the opportunity is significant.