Back Market is a technology company.
Back Market has raised $1.0B across 6 funding rounds.
Back Market has raised $1.0B in total across 6 funding rounds.
Back Market is a leading online marketplace for professionally refurbished electronics and appliances, connecting consumers with certified refurbishers to promote sustainability, affordability, and reduced e-waste.[1][2][3] Founded in 2014 and headquartered in Paris, France, it serves price-conscious buyers, environmental advocates, and tech enthusiasts across 17-18 countries, including the US, UK, France, Japan, Germany, and Spain, offering products like smartphones, laptops, tablets, and home appliances at 30-70% less than new equivalents, backed by quality checks, one-year warranties, and free delivery.[1][2][5][6][7] The platform solves the problem of electronic waste and high costs by extending device lifecycles through a circular economy model, with strong growth including €150 million in revenue, 880 employees, over 17 million customers, and more than 30 million devices sold, avoiding 2 billion kg of carbon emissions.[3][5][7]
Back Market was founded in 2014 in Paris by co-founders including Thibaud Hug de Larauze (current CEO) and Quentin Le Brouster (CTO), emerging from the recognition of a market gap: consumers wanted trustworthy refurbished electronics, but reliable sellers were hard to find.[3][6] The idea stemmed from a desire to combat e-waste and promote tech reuse, starting with just one to two sales per day and evolving into a global platform through rapid expansion focused on customer journey optimization.[1][6] Pivotal moments include certifying refurbishers to strict standards for trust, scaling to 16-17 million customers across multiple countries, and recent innovations like a B2B service for companies such as Kering and Air France, alongside a 2025 NYC pop-up store to drive in-person engagement amid double-digit sales growth.[5][6][7]
Back Market rides the circular economy trend in tech, capitalizing on rising sustainability demands amid e-waste crises (over 50 million tons annually globally) and regulatory pushes for repairability in Europe and beyond.[1][3] Timing is ideal with consumer shifts toward eco-conscious buying post-pandemic, double-digit refurbished market growth, and corporate net-zero goals driving B2B adoption.[5] Favorable forces include cost pressures on new devices, lengthening product lifecycles via refurbishment, and platforms like Back Market normalizing "refurbished" as mainstream, influencing rivals and retailers to prioritize reuse over disposability.[4][6] It shapes the ecosystem by educating on alternatives to planned obsolescence, partnering with tech firms, and piloting retail to bridge online-offline gaps, accelerating the shift to sustainable consumption.[5][7]
Back Market is poised for continued hypergrowth, projecting $3.5 billion in 2025 sales with 30%+ quarterly increases, expanding retail footprints, B2B services, and markets like Japan while deepening AI-driven personalization and repair integrations.[5][6] Trends like stricter e-waste laws, AI-optimized supply chains, and Gen Z's sustainability priorities will propel it, potentially evolving into a full circular tech ecosystem with trade-in dominance and deeper enterprise penetration. As the pioneer marketplace, its influence will grow by making refurbished tech the default, tying back to its core mission of redefining consumption for a waste-free future.[1][2]
Back Market has raised $1.0B in total across 6 funding rounds.
Back Market's investors include Aglae Ventures, Balderton Capital, TCV, Tiger Global Management, 50 Partners Impact.
Back Market has raised $1.0B across 6 funding rounds. Most recently, it raised $510.0M Series E in January 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 1, 2022 | $510.0M Series E | Aglae Ventures, Balderton Capital, TCV, Tiger Global Management | |
| May 1, 2021 | $340.0M Series D | Aglae Ventures, Balderton Capital, TCV, Tiger Global Management | |
| May 1, 2020 | $120.0M Series C | Aglae Ventures | |
| Jun 1, 2018 | $48.0M Series B | Aglae Ventures | |
| May 1, 2017 | $8.0M Series A | Aglae Ventures | |
| May 1, 2015 | $340K Seed | 50 Partners Impact |