Circular economy marketplace refurbed lands €50M investment

refurbed, an Austrian online marketplace for refurbished electronics, household, and sports products, announces a financing round of 50 million EUR. The round was led by Alex Zubillaga, who has previously supported global market leaders such as Spotify, Fever, and Wallapop, together with Orilla, the investment platform of the Riberas family – known for their stakes in leading European marketplaces like Vinted, Playtomic, and Cabify. Existing shareholders Evli Growth Partners, Bonsai, Almaz, C4 Ventures, Sevenventures, and Speedinvest participated again.

Less than two years after the Series C investment, this new investment round validates refurbed in the most relevant areas: Investors trust in the strong company growth and the increasing conviction that the circular economy is a sustainable and lucrative business model for the future.

“We are delighted to support refurbed in continuing to expand its leading position in the European market for refurbished products,” says Paco Riberas of Orilla. “Our investment in refurbed aligns with our values of promoting more responsible consumption. The combination of strong growth, profitability, and successful brand partnerships uniquely positions the company for long-term success.”

refurbed has recorded approximately 40% year-on-year sales growth so far in 2025, achieved a double-digit EBITDA margin, and has been profitable as a whole company since March 2025. For the current year, the company aims to reach approximately 1 billion Euros in Gross Merchandise Value (GMV) within 12 months.

“This has been another exceptional year – profitability in March, 40% year-on-year sales growth, and the use of AI throughout our entire value chain,” says Peter Windischhofer, co-founder and CEO of refurbed. “All of this has fueled our funding round and accelerated our expansion plans. Because we show that sustainable business not only works but has become the success model for a new generation of companies. Now is the time to make refurbished mainstream.”

‍With the new funding, refurbed now plans to specifically initiate the next expansion phase. The capital will be used particularly for entering further European markets (refurbed is currently active in 11 countries), introducing additional product categories in the 360-degree assortment for all areas of life, and for investments in AI-driven solutions.

The latter are intended to further improve efficiency, customer experience, and the sustainability impact on the platform. Initial internal pilot projects already show significant potential for reducing CO₂ emissions and automating key processes of the online marketplace. Furthermore, refurbed plans to develop new services for partners and sellers to accelerate the growth of the circular economy as a whole.

“With this investment, we are strengthening our foundation for long-term growth,” says Windischhofer. “Our goal is clear: We want to become Europe’s leading platform for sustainable consumption, where millions of people experience refurbished products as the new normal.”

Co-Founder Kilian Kaminski adds: “Our goal is to further promote the demand for refurbished products and grow together with our partners – from manufacturers and brands to professional refurbishers. Sustainable consumption is no longer a niche topic but is becoming the norm. We want to actively shape this change.”

Since its start in 2017, refurbed has achieved around 1.5 billion Euros in GMV in Germany and sold more than 5 million fully renewed products. The German market is the most important growth driver, with GMV in Germany growing by 40% in the current year compared to 2024 – refurbed has thus established itself as the market leader for professionally refurbished products in Germany.

Through the products sold via its online marketplace, refurbed actively contributes to saving tens of thousands of tons of CO₂, hundreds of tons of electronic waste, and billions of liters of water, which are generated during the production of new (electronic) devices or through the disposal of devices – clear proof of the feasibility of refurbed’s mission to make sustainable consumption mainstream.