Dubai-based refurbished electronics marketplace Revibe secured USD 17 mn in a new funding round, according to a press release. The round was led by global investment firm Partech, with participation from E& Capital, Burda Principal Investments, and EQNX, alongside existing investors. The funds will be used to improve the marketplace’s service quality and device performance, as well as accelerate its expansion across the GCC and emerging markets.
ICYMI– The B2C e-commerce startup secured USD 7 mn in a series A funding round last year, as well as USD 2.3 mn back in 2023.
About Revibe: Founded by Abdessamad Ben Zakour (LinkedIn) and Hamza Iraqui (LinkedIn) in 2022, the platform offers tested refurbished electronics with a one-year warranty at a 30-70% clip below retail prices. The company operates across the UAE, Saudi Arabia, Kuwait, and South Africa.