USA – Reebelo, a San Mateo, CA-based marketplace for affordable, sustainable consumer electronics, raised US$29M in Series A funding.
The round, which brought the total amount to US$50M, was led by Cathay Innovation with participation from Moore Strategic Ventures, Gandel Invest and Antler.The company intends to use the funds to grow its team in the US and other global markets, with a second US office opening and Canadian expansion planned for later this year. Founded in 2019 by Philip Franta and Fabien Rastouil, Founder and CEO, Reebelo is a marketplace for used tech devices. Its vision is to reduce e-waste by building a circular economy for refurbished electronics and to enable consumers & small businesses to save up to 70% on their favorite brands. In tandem with its official US market launch, Reebelo will open its global headquarters in the Bay Area (San Mateo) and grow its US presence to 50 team members to build out operations, while continuing to grow Singapore as the company’s APAC headquarters. The company also has offices in Australia, New Zealand, Malaysia, Hong Kong and South Korea.20/03/2023
