Refurb tech startup Revibe closed a USD 7 mn series A funding round

UAE-based Revibe, a guarantee-backed refurbished tech B2C e-commerce startup, closed a USD 7 mn series A funding round, co-led by ISAI and Resonance, according to a statement (pdf). The round also saw participation from Kima Ventures and Edouard Mendy.

Where’s the money going? The latest investment adds to the USD 2.3 mn it raised last year, and will support the expansion of Revibe’s geographical footprint across emerging markets and the expansion of its sustainable tech business. The capital should also bolster its customer care and quality assurance teams.

About Revibe: Founded in 2022 by Abdessamad Benzakour (LinkedIn) and Hamza Iraqui (LinkedIn), the Dubai-based startup specializes in refurbished electronics, offering consumers like-new devices at 30%-70% below retail prices. The startup operates across KSA, UAE, Kuwait, and South Africa.