Back Market arrived in Portugal and sells refurbished technology at discounts
Back Market is a French startup dedicated to the refurbished technology market.
The company does not sell equipment directly, but through a certification of partners that list their products on its Marketplace. Last year it made an investment round, managing to raise 120 million dollars from Goldman Sachs, Aglaé Ventures and Eurazeo Growt.
The startup returned to another 276 million Euro Series D investment round recently, which includes the participation of investors such as General Atlantic, with the support of Generation IM and current investors Aglaé Ventures, Eurazeo, Goldman Sachs Growth Equity and daphni.
The company has now arrived in Portugal, stating that it intends to change the technology consumption habits of the Portuguese and show that it is possible to trust in refurbished products. At the same time, it intends to contribute to reducing the environmental impact caused by technology.
With origins in France, since 2014 Back Market asserts itself as one of the first companies linked to refurbished equipment in Europe. This aggregator has more than 1,500 certified partners selling, on a single platform, the equipment, accounting for 1.5 million customers in 2019 data. It is currently present in 14 countries, and in addition to Portugal it will also arrive in soon to Sweden, Slovakia and Canada.
