Certideal has raised €2 million from Elevation Capital Partners and Citizen Capital to accelerate its growth in the certified second-hand electronics market in France.
Target Information
Founded in late 2015 by Laure Cohen and Yoann Valensi, Certideal aims to minimize ecological and social waste associated with electronic usage while protecting consumers from counterfeit and unreliable second-hand high-tech products. The rapid proliferation of smartphones over the past decade has raised significant environmental concerns, stemming from both the extraction of minerals and the energy-intensive battery recharges. As consumers gradually adopt the notion of purchasing second-hand products out of social responsibility, Certideal emerges as a trusted platform that guarantees secure and reliable second-hand purchases.
Certideal specializes in the sale of certified pre-owned electronics, including smartphones, tablets, and laptops. Each product undergoes a meticulous certification process carried out by a team of experts, ensuring that devices meet strict aesthetic and technical standards, including checks on items such as the microphone, WiFI functionality, and charging ports. This rigorous approach positions Certideal as a leading player in the secondary electronic market, distinguished by its 18-month warranty, extendable to 30 months, which is unique in the industry. Since its inception, Certideal has achieved over 4,000 sales per month and has seen a remarkable 130% growth in the last six months.
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Industry Overview
The second-hand electronics market is experiencing significant momentum, particularly in France, where growing environmental consciousness has prompted consumers to seek more sustainable shopping options. Companies like Certideal are tapping into this trend by offering a tr
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Elevation Capital Partners and Citizen Capital
invested in
Certideal
in 2017
in a Seed Stage deal
Disclosed details
Transaction Size: $2M
Revenue: $12M