Sparrow Ventures to invest in Revendo.

Sparrow Ventures, a venture capital company, agreed to invest in Revendo, a refurbished electronics company. Financial terms were not disclosed. “Revendo has played a key role in shaping the positive development of the circular economy over the past ten years and is now the leading provider of second-hand consumer electronics in Switzerland. Revendo not only has its finger on the pulse of the times, but also fits perfectly into Migros’ group strategy. Following the successful market entry of our venture Yuno in 2022, we are now continuing our commitment to innovative, sustainable circular business models. I’m looking forward to working with the Revendo team,” Lorenz Lüchinger, Sparrow Ventures CEO.