Revibe Secures $7 Million in Series A Funding to Accelerate Growth in Sustainable Tech

Tech

Elza Meethu
Tech
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Revibe Secures $7 Million in Series A Funding to Accelerate Growth in Sustainable Tech

UAE-founded Revibe's guarantee-backed refurbished devices have helped save over 4 million kg of CO2 emissions and delivered savings of more than US$14 million to UAE consumers.

Revibe, a platform for refurbished electronic devices, has raised $7 million in Series A funding. The round was co-led by ISAI and Resonance, with support from Kima Ventures and Edouard Mendy.

This funding strengthens Revibe's position as a leader in the MENA region's $6 billion refurbished consumer electronics market.

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.”

Revibe will use its latest funding to speed up expansion in emerging markets and grow its customer care and quality assurance teams. Focused on smartphones and laptops, the category expands its offerings to add gaming, accessories, and smartwatches.

For dedicated iOS and Android apps, this elevates customer convenience and delivers a slicker and more streamlined purchasing experience with investments in iWin.

On the other hand, as the region’s ‘trusted marketplace for refurbished tech’, Revibe plans to use this investment to broaden its product offerings and enter new markets, including Saudi Arabia, Kuwait, South Africa, and the UAE. The company’s previous funding round raised $2.3 million in 2023.

Revibe specialises in refurbishing and reselling high-quality, eco-friendly electronic products, offering consumers an affordable and sustainable way to access top-tier technology. This has translated not only to savings of over US$14 million for customers, but also over 4 million kgs of CO2 emissions and 960 million litres of water being saved.

Looking to what’s next, Hamza Iraqui, Revibe’s Co-Founder, emphasized that the company’s growth meets a clear market need in emerging markets. By focusing on sustainability, Revibe is creating a win-win for customers while steadily expanding into new regions.