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

Synopsis

Back Market, an operator of a marketplace for refurbished smartphones and electronic devices, raised $120m in a Series C funding round. Goldman Sachs, AglaƩ 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.

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