What is Back Market?
Back Market is a prominent online marketplace specializing in refurbished electronics, offering consumers a sustainable and cost-effective alternative to new devices. The company provides a range of products that come with warranties, money-back guarantees, and transparent seller ratings, fostering trust and reliability. Based in Paris, France, Back Market addresses the growing demand for eco-friendly consumption by extending the lifespan of electronic goods and reducing waste.
How much funding has Back Market raised?
Back Market has raised a total of $1.2B across 7 funding rounds:
Series A
$8.3M
Series B
$48.5M
Unspecified
$48M
Series C
$120M
Other Financing Round
$120M
Series D
$335M
Series E
$510M
Series A (2017): $8.3M with participation from Aglaé Ventures and Daphni
Unspecified (2018): $48M led by Groupe Arnault, Daphni, Eurazeo, and Aglaé Ventures
Series B (2018): $48.5M supported by Eurazeo, Aglaé Ventures, and Groupe Arnault
Series C (2020): $120M featuring Goldman Sachs, Daphni, and Eurazeo
Other Financing Round (2020): $120M backed by Eurazeo S.A., Goldman , Sachs & Co., and Algae Technology Ventures
Series D (2021): $335M with participation from General Atlantic and Generation Investment Management
Series E (2022): $510M led by Generation Investment Management, Eurazeo, Aglaé Ventures, Sprints Capital Management, and General Atlantic
Key Investors in Back Market
Generation Investment Management
Generation Investment Management is focused on mobilizing businesses and investors to address climate change and inequality, aiming to create a sustainable economic system through capital markets.
Eurazeo
Eurazeo is a global investment company supporting businesses of all sizes with deep sector expertise, global market access, and a stable foundation for transformational growth.
Aglaé Ventures
Aglaé Ventures is a global technology venture capital firm specializing in early-stage and growth investments, backing exceptional founders to build enduring technology companies.
What's next for Back Market?
With its latest major strategic investment, Back Market is poised for accelerated expansion and further innovation within the circular economy for electronics. The substantial enterprise-level funding indicates a strategic focus on scaling operations, enhancing technological capabilities, and potentially broadening its market reach. This capital infusion will likely support efforts to solidify its position as a leader in the refurbished goods sector, driving further adoption of sustainable consumer electronics.
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