5 years ago
Reboxed Secures £350K to Combat E-Waste with Refurbished Tech Marketplace
Reboxed, a UK-based startup tackling e-waste, has raised £350,000 in pre-seed funding, bringing their total funding to £500,000
The round was led by angel investors including former Dyson CEO Martin McCourt and Mazuma Mobile co-founder Charlo Carabott
The funding will support the launch of Reboxed's on-demand buyback process and 'TechCheck' diagnostic service, providing a guarantee and warranty for pre-owned devices.
ProblemTechnology
"Over 50% of UK consumers still don't recycle their old devices, leading to the world's fastest-growing waste stream, electronic waste."
Solution
"Reboxed offers a marketplace for people to buy and sell refurbished devices, providing a diagnostic service that guarantees the phones and offers a 15-month free warranty, aiming to rehome 100 million mobile devices by 2030 to tackle e-waste."