UAE-based Revibe, a leader in guarantee-backed refurbished technology, has successfully closed its Series A funding round, raising $7 million. The round was co-led by ISAI and Resonance, with additional investments from Kima Ventures and Edouard Mendy. This follows a year of robust revenue growth for the company, positioning Revibe as the leader in the MENA region’s $6 billion refurbished consumer electronics market.
Revibe Co-Founder Abdessamad Benzakour highlighted the company’s unique positioning within the market, driven by the growing demand for sustainable tech solutions and cost-conscious consumers. “With clear government support and an increasingly sustainability-oriented society, the pre-loved tech market is set to reach $20 billion within a decade. Our ability to provide like-new devices at 30% to 70% below retail prices, combined with unmatched quality assurance, is what differentiates us and keeps our customer base growing,” Benzakour said.
Having raised $2.3 million in seed funding last year, Revibe initially focused on smartphones and laptops but has since expanded its offerings to include gaming devices, accessories, and smartwatches. To improve customer convenience, the company also launched dedicated iOS and Android apps, providing a smoother and more streamlined purchasing experience.
Revibe continues to prioritize customer satisfaction with a comprehensive one-year warranty, free shipping and returns, a 10-day return policy, and 24/7 human-led and AI customer support. This focus on service has resulted in sales of over 80,000 refurbished devices in the last two years, translating to savings of over $14 million for customers and reducing 4 million kgs of CO2 emissions and 960 million liters of water.
With the new funding, Revibe plans to accelerate its expansion into emerging markets while investing further in its customer care and quality assurance teams. Co-Founder Hamza Iraqui emphasized the company’s business model, which addresses a clear market need in these regions while supporting sustainability. “Our growth proves that a sustainability-focused enterprise can deliver both positive unit economics and substantial value to customers,” Iraqui said.
Investors are optimistic about Revibe’s future. William Vermont, Principal at ISAI, remarked, “We are thrilled to invest in the leading B2C marketplace for refurbished electronics in the region, supporting innovative solutions that promote accessibility and sustainability.” Maxime Le Dantec, Partner at Resonance, added, “Revibe is one of the fastest-growing startups we’ve supported, and we are proud to continue backing them as they expand globally.”
Revibe is on track to become the dominant player in refurbished electronics in developing markets, tapping into a $30 billion opportunity with impressive execution.
