Vienna, November 7, 2023 –

Expon Capital’s portfolio company, REFURBED, who have achieved 1bn in GMV in June 2023, has announced a $57 million investment led by existing investors with significant participation from All Iron. This Series C brings total investment to USD130mn since the company’s inception in 2017.

“This milestone not only marks a significant achievement for refurbed, but also signals the wider market’s shift towards embracing sustainability in consumer choices” said Peter Windischhofer, co-founder and CEO. “Our scalable business model enables us to both grow profitably and make consumption more sustainable.”

Refurbed is the leader in their markets, driving expansion across Europe. In its inaugural markets – Austria and Germany – refurbed has reached profitability in 2022 ahead of schedule.

This year refurbed’s impact has been made measurable in collaboration with Fraunhofer: 160t CO₂e, 34bn litres of water and 495t of e-waste saved within 6.5 years of operation.

Company website