UAE-based Revibe, a B2C marketplace for renewed electronics has secured US$7 million in funding in a Series A round co-led by ISAI and Resonance, and featuring prominent investors such as Kima Ventures and Edouard Mendy.
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Although it has long offered refurbished consumer electronics, Revibe is now primed as the powerhouse player of the US$6 billion market segment in the MENA region due to the new capital influx.
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With the latest round of funding, Revibe will also aim for the further expansion of its activity in the rapidly growing markets and the strengthening and effective development of the customer care and quality assurance departments.
After raising US$2.3 million in seed funding, Revibe initially offered products such as smartphones and laptops, but now it offers products in a new category: gaming products, accessories, and smartwatches. Additionally, to increase customer satisfaction and bring a significantly improved and smoother purchasing experience, dedicated iOS and Android apps were also developed.
Revibe Co-Founder, Abdessamad Benzakour said, “Buoyed by clear and commendable government visions and initiatives, an increasingly sustainability-oriented society, and cost-conscious consumerism, the market for pre-loved tech is set to accelerate to US$20 billion within a decade. While our ability to deliver like-new devices at 30% to 70% below their retail price points is undoubtedly appealing, it is our unmatched quality assurance that sets us apart, earning us a loyal and ever-expanding customer base.”
Hamza Iraqui, Revibe’s other Co-Founder highlighted, “Our revenue growth proves that we have a sound business model that addresses a clear market need in emerging markets. We are especially proud to stand as proof that a sustainability-focused enterprise can be a win-win endeavour, turning over positive unit economics while deliver compelling value to customers. These will continue to be the pillars of our strategy as we expand steadily across other geographies.”
“We are thrilled to invest in the leading B2C marketplace for refurbished electronics in the region. This venture reflects our commitment to supporting innovative solutions that enhance accessibility and sustainability in consumer technology. We are happy to already witness a significant growth of the company since our investment earlier this year – with healthy unit economics,” commented William Vermont – Principal at ISAI.
Maxime Le Dantec – Partner at Resonance, added, “Revibe is one of the fastest-growing startups we’ve had the privilege to support through Resonance, and today we’re proud to double down on our investment. As the leading electronic refurbishment marketplace in the MENA region, Revibe is poised to expand its reach globally, with a bold ambition to become the #1 player in developing markets. They are tackling an impressive US$30 billion market opportunity with remarkable execution.”
About Revibe
Revibe, established in 2022, is a B2C marketplace specializing in refurbished electronics. Operating across four countries—KSA, UAE, Kuwait, and South Africa—Revibe is committed to advancing the circular economy in the tech industry. The platform ensures trust and quality through rigorous product vetting, a 12-month warranty, a 10-day return policy, and a seamless, delightful shopping experience.
