Back Market raised $120m in a Series C funding round.

Back Market, an operator of a marketplace for refurbished smartphones and electronic devices, raised $120m in a Series C funding round. Goldman Sachs, Aglaé Ventures, a venture capital firm, and Eurazeo Capital, a private equity firm, participated in the round. The company will expand its quality control team and introduce new services around refurbishments in order to control a bigger chunk of the stack.