Revibe Secures US$7M for MENA Refurbished Tech Expansion

UAE-founded Revibe, a refurbished technology company, has successfully closed its Series A funding round with US$7 million. The round, co-led by ISAI and Resonance, includes key investors such as Kima Ventures and Edouard Mendy. This achievement follows a year of impressive revenue growth for the company and positions Revibe as a dominant force in the MENA region’s US$6 billion refurbished consumer electronics sector.

Revibe Co-Founder, Abdessamad Benzakour, highlighted the role of government initiatives, growing sustainability trends, and cost-conscious consumerism in fueling the company’s success. “The market for pre-loved tech is set to reach US$20 billion in the next decade. Our ability to offer like-new devices at 30% to 70% below retail prices, backed by unmatched quality assurance, is what truly sets us apart,” Benzakour said.

Since its launch, Revibe has expanded its offerings beyond smartphones and laptops to include gaming consoles, accessories, and smartwatches. The company has also enhanced the customer experience with dedicated iOS and Android apps for a more streamlined purchasing process.

Revibe’s commitment to customer satisfaction is reflected in its comprehensive service offerings, including a 1-year warranty, free shipping and returns, a 10-day return policy, and 24/7 customer support. Over the past two years, the company has sold over 80,000 refurbished devices, saving customers more than US$14 million, while also conserving over 4 million kg of CO2 and 960 million liters of water.

With the new funding, Revibe plans to accelerate its growth in emerging markets and invest in expanding its customer care and quality assurance teams. Co-Founder Hamza Iraqui emphasized the company’s sustainable business model and its ability to deliver positive unit economics while providing exceptional value to customers. “We are proof that a sustainability-focused enterprise can thrive while benefiting both the environment and our customers,” he said.

William Vermont, Principal at ISAI, commented, “We are thrilled to invest in the leading B2C marketplace for refurbished electronics in the region. Revibe’s growth and healthy unit economics demonstrate its commitment to accessibility and sustainability in consumer technology.”

Maxime Le Dantec, Partner at Resonance, added, “Revibe is one of the fastest-growing startups we’ve had the privilege to support. With their ambition to become the #1 player in developing markets, they are well-positioned to capture a significant share of the US$30 billion market opportunity.”

Revibe’s rapid growth and commitment to sustainability continue to position it as a leader in the refurbished tech space, with plans for global expansion on the horizon.