Revibe has raised US$ 17 million in a funding round led by Partech with participation from e& Capital, Burda Principal Investments and EQNX.
The Dubai-based startup operates a marketplace selling refurbished smartphones, laptops and other consumer electronics across the Gulf and emerging markets. Founded in 2022 by its two co-founders, the company refurbishes devices through a thorough 50-point inspection and provides a one-year warranty for every product sold.
According to the company, the funding will be used to expand refurbishment capacity, improve logistics and after-sales support, and accelerate expansion into Gulf and other markets.
Global data shows that the refurbished and second-hand electronics market is growing rapidly. The global refurbished consumer electronics market is estimated at USD 52 billion in 2024, with a projected Compound Annual Growth Rate of around 7 to 8 percent through 2029.
With electronics prices remaining high in many emerging economies, and a growing demand for affordable and sustainable products, Revibe is positioned to tap into a large and underserved market.
The company plans to use the new funding to enhance refurbishment and quality control, improve customer support, and expand across the Gulf Cooperation Council and potentially North African markets. This positions Revibe to capture a significant share of the growing global refurbished electronics market while providing consumers with reliable and cost-effective alternatives to new devices.
Revibe secures $17M to scale refurbished electronics marketplace