Back Market raises EUR 276 mln in funding round, opposes private copy levy on refurbished devices

Wednesday 19 May 2021 | 09:27 CET | News
Back Market, a marketplace dedicated to the sale of refurbished electronic products, has raised EUR 276 million in a Series D funding round led by equity firm General Atlantic. The operation, which makes the France-based start-up reach "unicorn" status, comes at a time when the French parliament is considering whether to extend the system of private copy levies to reconditioned smartphones and similar devices. In its blog, Back Market said that the proposal could mean an additional EUR 14 on the average price of refurbished products, calling for the French government to change course and

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Categories: Mobile & Wireless
Companies: Back Market
Countries: France
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