Back Market

Back Market is a leader of the refurbished B2C market which connects consumers, startups and SMEs with professional sellers to acquire certified and guaranteed electronic devices, at unbeatable prices.

Back Market's mission is to make the consumption of refurbished products cool and mainstream.

Back Market was founded in November 14, 2014 by Thibaud Hug de Larauze, Vianney Vaute and Quentin Le Brouster. The company is headquartered in Paris, with offices in New York, Berlin, and Bordeaux.

 

Back Market offers high-quality professionally refurbished electronic devices and appliances to customers in 16 countries including the Netherlands, US, France, Germany, the UK, Italy, Spain, Belgium, Austria, and more recently, Portugal, Japan, Finland, and Ireland.

 

Back Market doesn’t refurbish devices directly. Instead, third-party companies act as the sourcing partners for Back Market. By listing their inventory on Back Market’s marketplace, they can find customers more easily.

 

Back Market has over 30,00 sellers on its platform and counting. Overall, 6 million customers have purchased a device on Back Market.

 

Back Market is backed by General Atlantic, Goldman Sachs, Sprints Capital, Aglaé Ventures, Eurazeo Growth, Generation Investment Management, Groupe Arnault, and others. The company raised $510M in Series E round on Jan 12, 2022. This brings Back Market's total funding to over $1B to date. The latest round nearly doubled the company's valuation to $5.7B, from their $3.2B achieved after Series D in May 2021.

 

 

  • Year founded: 2014
  • Funding Info: $1B+ over 5 Rounds (Latest Funding Type: Series E)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: Valued at $5.7B as of Jan 12, 2022
  • City/Town: Paris
  • State: Paris
  • Country: France
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