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SmartPrice operates an e-commerce platform specializing in the recommerce of consumer electronics, primarily focusing on the used mobile phone market. The company formalizes the market for pre-owned smartphones by acquiring devices through trade-in programs with major Russian retail chains. These phones undergo a rigorous 26-parameter inspection and certification process at a dedicated service center, ensuring full functionality before being sold online with a 90-day warranty, providing a secure alternative to peer-to-peer sales.
The company was established in 2017 by co-founders Alexander Chernyak and Artem Bolshakov. Their experience with CarPrice, a used car sales service, provided a foundational understanding of the second-hand market, which they then applied to the unorganized used smartphone sector in Russia. Chernyak, having studied entrepreneurship at Northeastern University, and Bolshakov brought a shared ambition to formalize and professionalize this segment.
SmartPrice serves consumers seeking reliable and secure pre-owned smartphones at more accessible price points than new devices. The company’s vision is centered on building trust and transparency in the secondary electronics market, contributing to a more sustainable circular economy for mobile devices. It aims to remain the definitive platform for certified used smartphones in its operating regions.
SmartPrice has raised $3.0M across 1 funding round.
SmartPrice has raised $3.0M in total across 1 funding round.
SmartPrice is a technology company that builds AI-driven pricing and appraisal software for pre-owned goods and enterprise resale channels, helping retailers and marketplaces automate price-setting, improve margins, and speed up appraisal workflows[1][3].
High-Level Overview
Origin Story
Core Differentiators
Role in the Broader Tech Landscape
Quick Take & Future Outlook
Quick reiteration: SmartPrice is an AI-driven, API-first SaaS aimed at automating appraisal and pricing for pre‑owned goods to boost margins and operational efficiency for enterprise retailers and marketplaces[1][3][5].
SmartPrice has raised $3.0M in total across 1 funding round.
SmartPrice's investors include 040 Capital, Ambridge Capital, Goat Capital, Long Journey Ventures, Presence Capital, Spring Capital, Colin Carrier, Emmett Shear, Kevin Lin, Steve Chen, Tikhon Bernstam.
SmartPrice has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Series A in June 2019.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2019 | $3.0M Series A | 040 Capital, Ambridge Capital, Goat Capital, Long Journey Ventures, Presence Capital, Spring Capital, Colin Carrier, Emmett Shear, Kevin Lin, Steve Chen, Tikhon Bernstam |