Swappie Secures €17M Funding to Accelerate Europe's Refurbished iPhone Revolution

Swappie is thrilled to announce that we have successfully raised €17,000,000 in our latest funding round—a testament to our vision and the robust market demand for sustainable technology solutions. Since our launch in 2016, we have emerged as Europe’s leading online destination for buying and selling refurbished iPhones, empowering our customers to embrace more environmentally friendly and affordable smartphone upgrades. With nearly 800 talented team members driving our operations and an impressive annual revenue of €208M, we are now positioned to accelerate our growth and broaden our impact across the continent and eventually globally. This new influx of capital will be strategically deployed to further scale our innovative operations, enhance the customer experience, and reinforce our commitment to sustainability. We plan to invest in advanced technologies that refine our supply chain, streamline our refurbishment process, and provide even more value to our customers. Additionally, funding will support our expansion efforts by widening our reach in existing markets and exploring new opportunities that align with our core mission of changing consumer behavior—buy smart, not new. Our values of endless optimism, highest standards, customer focus, and connection continue to guide every decision we make. Recognized by the Financial Times, the Finnish Innovation Fund, and Wired, our efforts contribute not only to environmental sustainability but also to the circular economy. As we embark on this exciting phase of development, we invite passionate talent to join our diverse team of over 70 nationalities and help drive forward our mission of making refurbished electronics mainstream worldwide. Stay tuned as we forge ahead into a future where technology and sustainability go hand in hand.