Herbst Kinsky advises refurbed on its EUR 54 m series C round
Herbst Kinsky advised the start-up refurbed, which is on its way to becoming a unicorn, in the course of its Series C financing round totalling EUR 54 million. Lead investors in this round were Evli Growth Partners and C4 Ventures. In addition to numerous other existing investors, All Iron Ventures and Speedinvest also participated in the round.
The green tech start-up has been operating an online marketplace for refurbished products since 2017. The current Series C round doubles the company’s valuation and the total investment since its foundation increases to around EUR 116 million. refurbed plans to use the fresh capital to continue its expansion in Europe and further expand its market leadership in the industry.
Florian Steinhart, Partner at Herbst Kinsky: “Sustainability is a major topic these days, and there is no getting around it. refurbed’s business model is definitely in tune with the times. We are delighted to have been part of the journey since the beginning and look forward to refurbed’s promising future.”