Refurbed Secures €50M to Propel European Expansion Amid Growth

URGENT UPDATE: Refurbed has just closed a major funding round, securing €50 million to boost its European expansion efforts. Led by investment heavyweight Alex Zubillaga, known for his previous support of major firms like Spotify, this funding round marks a critical moment for the fast-growing refurbishment market.

The announcement, made on October 23, 2025, underscores the rising momentum of the circular economy as Refurbed positions itself as a leader in Europe’s sustainable electronics sector. With an impressive 40% year-on-year growth and achieving double-digit EBITDA profitability, the company is on track to approach €1 billion in gross merchandise volume (GMV) by the end of FY2025.

Since its launch in Ireland, Refurbed has sold over 300,000 items and attracted more than 200,000 customers. “This was another exceptional year,” said Peter Windischhofer, co-founder and CEO of Refurbed. “Profitability in March, 40% year-on-year sales growth, and leveraging AI across our revenue-generation machine have fueled our funding round and accelerated our expansion plans.”

Refurbed is not only focused on financial gains; the company is committed to environmental sustainability. Customers have collectively saved an astonishing 350,000 tons of CO2, 1,136 tons of electronic waste, and 116 billion liters of water. This growth aligns with the projected surge of the global refurbished electronics market, expected to reach €102.28 billion by 2032 due to increasing consumer demand for affordable and eco-friendly alternatives.

Refurbed plans to channel its new funding into enhancing AI-driven solutions, which have already shown significant benefits in operational efficiency, customer experience, and environmental impact. Windischhofer emphasized that profitability and sustainability can go hand in hand, stating, “We proved that doing good and doing well aren’t opposites: they’re the same playbook. Now is the time to make refurbished mainstream.”

As the circular economy gains traction, all eyes will be on Refurbed to see how they implement these ambitious expansion plans moving forward. This funding round not only highlights the company’s growth but also reflects a broader commitment to sustainability within the tech industry.

Stay tuned for more updates as Refurbed accelerates its mission to transform the refurbishment market across Europe.