Reebelo, an APAC-focused marketplace for affordable, sustainable tech devices, has raised USD20 million in a Series A funding round led by Cathay Innovation and June Fund.
Other participants included FJ Labs, KREAM (an affiliate of Naver), Moore Strategic Ventures, French Partners, and Gandel Invest. Existing investors participating in the round include Antler, Maximilian Bittner (co-founder Lazada, CEO Vestiaire Collective), Michael Cassau (Founder & CEO Grover), and others.
Founded in 2019 by Philip Franta and Fabien Rastouil, Reebelo is a platform for buying pre-owned electronic devices.
The new funding round will be used to hire 50-plus team members across all existing markets as well as expanding into several more markets in 2022. In addition, the company will scale to include device protection, ensuring that customers get a two-year warranty, the typical warranty provided for new devices.
Besides David Rosskamp, Martell Hardenberg (Co-founder Lazada, Global Partner Antler) and Rajive Keshup (Investment Director Cathay Innovation) will join the company’s board.