Brazil's Trocafone raises BRL 20 billion in funding

Monday 18 April 2016 | 08:35 CET | News
Brazilian start-up Trocafone has raised BRL 20 million from Swiss investment fund Sallfort for an undisclosed stake in the company. This was the third round of financing for the company in less than two years of operation. Trocafone purchases and sells used phones and ended 2015 with a turnover of BRL 40 million and 50,000 devices sold. The goal is to increase turnover sixfold, to BRL 240 million and triple the number of devices, to 150,000. 

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Categories: Mobile & Wireless
Countries: Brazil
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