Clove is a technology company.
Clove has raised $16.0M across 2 funding rounds.
Clove has raised $16.0M in total across 2 funding rounds.
Clove has raised $16.0M in total across 2 funding rounds.
Clove's investors include Air Street Capital, Blackbird Ventures Australia, Brand Foundry Ventures, Marathon Venture Capital, Daniel Kan, Oliver Cameron, Rainfall Ventures.
Clove Technology is a UK-based technology company specializing in the retail and global shipping of smartphones, tablets, and accessories, offering both new and refurbished products from major brands like Samsung and Apple at competitive prices.[1][3][6] As part of the Hugh Symons eXchange Group, it emphasizes sustainability through Clove Recycling, which allows customers to trade in used devices to reduce electronic waste, while serving individuals and businesses seeking affordable, innovative tech solutions.[1][6] Its mission is to empower customers with cutting-edge products that enhance productivity and connectivity, paired with a commitment to ethical practices and customer satisfaction.[1]
The company solves accessibility issues in mobile tech by providing low-cost, SIM-free devices with reliable worldwide shipping and excellent service, evidenced by strong customer testimonials on prompt delivery and problem resolution.[3][6] Growth momentum includes over two decades of operation, adaptation from mobile computing origins, and a focus on refurbished goods amid rising sustainability demands, though one entity (CLOVE TECHNOLOGY LIMITED) dissolved in 2018, suggesting possible restructuring.[5][6]
Founded in 1992 to target the emerging mobile computing market, Clove Technology started as a specialist in shipping smartphones, tablets, and accessories worldwide.[3][6] Incorporated formally as CLOVE TECHNOLOGY LIMITED on 22 September 1998 in the UK, it built a reputation over two decades for low prices on SIM-free devices from top brands.[3][5][6] Key early traction came from its online platform enabling secure ordering and varied shipping options, with a small, knowledgeable team ensuring seamless experiences even for bulk purchases.[3][6]
The company evolved under the Hugh Symons eXchange Group, expanding into refurbished products and sustainability via Clove Recycling, while maintaining a Poole, Dorset headquarters.[1][3] Customer stories highlight pivotal moments, like accommodating special needs during orders, underscoring its customer-centric growth.[6] Note: The original limited company dissolved on 27 February 2018, after filing accounts up to 2016 as a non-trading entity, indicating a possible rebranding or shift.[5]
Clove Technology rides the wave of sustainable consumer electronics retail, capitalizing on growing demand for affordable refurbished devices amid e-waste concerns and economic pressures for budget tech.[1][3] Timing aligns with post-pandemic shifts to remote work and global connectivity, where reliable accessory shipping fills gaps left by region-locked retailers.[6] Market forces like rising smartphone refresh cycles and circular economy trends favor its model, reducing environmental impact while serving underserved international markets.[1]
It influences the ecosystem by normalizing refurbished tech adoption in the UK and beyond, challenging big-box retailers on price and service, and supporting small businesses via bulk options.[3][6] As part of a larger group, it contributes to broader innovation in tech distribution without the overhead of manufacturing.
Clove Technology's blend of affordability, sustainability, and service positions it for steady growth in a maturing mobile market, potentially expanding refurbished lines as AI-enhanced devices proliferate. Trends like stricter e-waste regulations and global supply chain diversification will amplify its recycling edge, while e-commerce advancements could boost its shipping efficiency. Its influence may evolve toward deeper B2B partnerships, solidifying its niche as a resilient player in accessible tech—echoing its 1992 origins in making mobile innovation truly global.[1][6]
Clove has raised $16.0M across 2 funding rounds. Most recently, it raised $14.0M Seed in October 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2025 | $14.0M Seed | Air Street Capital, Blackbird Ventures Australia, Brand Foundry Ventures, Marathon Venture Capital, Daniel Kan, Oliver Cameron | |
| Apr 1, 2019 | $2.0M Seed | Brand Foundry Ventures, Rainfall Ventures |