Reboxed raises £1.6m in seed funding led by ACF Investors to scale its recommerce platform
ACF Investors led the seed round to help the sustainable tech startup scale its brand and technology stack.
£1.6MSeed
Reboxed provides a recommerce platform connecting businesses and customers with sustainable technology solutions. The company aims to address the e-waste crisis by rehoming millions of electronic devices.
Reboxed has secured £1.6m in a seed round led by ACF Investors. The funding will be allocated towards scaling the brand, expanding the team, and developing the technology stack.
The sustainable technology startup provides recommerce platforms for retail and business partners. The fresh capital supports its ongoing work to curb electronic waste.
From the founder
"We want to give everyone access to high quality, great value tech, with a flexible, hassle-free experience. Mounting ESG pressures means that businesses are looking for integrated solutions that will help them achieve their climate goals. Reboxed’s sustainable services help businesses do just that. This latest investment will be used to expand our growing team, build out our technology stack and scale the brand."
Phil Kemish
Co-founder and CEO at Reboxed
Investor perspective
"Awareness of the need for sustainability is fundamentally changing the retail landscape and driving a trend toward more responsible consumption. Recommerce is leading the way and is now growing 11 times faster than traditional retail. But too often the price of sustainability is an unnecessarily compromised customer experience, hence we are delighted to be backing the Reboxed team as they shift the benchmark and for the first time give UK consumers access to premium “like new” products, with all the benefits of recommerce."
TM
Tim Mills
Managing Partner, ACF Investors
Use of funds
- 01Grow the team
- 02Continue product development
- 03Invest in sales and marketing
