TESI, Lifeline Ventures, Inventure and Reaktor Ventures led a $41m Series B round in Swappie.

Investment firms TESI, Lifeline Ventures, Inventure and Reaktor Ventures led a $41m Series B round in Swappie, an end-to-end online marketplace for buying and selling refurbished smartphones. "As consumers become more aware of the environmental impact that their purchasing decisions have, we expect to see far greater demand for high quality refurbished smartphones. Because we refurbish every device ourselves, in our own factory, we control the whole value chain. This means we can deliver the highest quality devices, under warranty, for much less than the cost of a new phone. We’ve already seen fantastic demand for Swappie and we are thrilled to be announcing today’s investment, which will allow us to accelerate our international expansion and make the circular smartphone economy truly mainstream across Europe," Sami Marttinen, Swappie CEO.