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Announced

Completed

General Atlantic led a $335 Series D funding round in Back Market.

Financials

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Transaction Value£236m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Venture Capital

Cross Border

Private Equity

Completed

refurbished electronics

online market place

E-commerce

France

Minority

Private

Acquisition

Single Bidder

Synopsis

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General Atlantic, a global growth equity firm, led a $335 Series D funding round in Back Market, an operator of a marketplace for refurbished smartphones and electronic devices. Additional investors include Generation Investment Management, Goldman Sachs, Aglaé Ventures, Eurazeo and daphni. “Our goal now goes beyond making renewed tech a viable option. We want to make it the first choice for electronics purchases. The support and confidence of these prominent funds, together with our growing customer base, marks an important step in Back Market’s journey, and more importantly for the refurbished sector as a whole," Thibaud Hug de Larauze, Back Market CEO.

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