London recommerce tech start-up reboxed hits £1M investment with Ministry Of Sound and Gaming Vlogger, Ali-A leading seed funding round
● The brand continues to gain momentum after its successful launch in September last year on its mission to rehome 100 million mobile devices by 2030 in an effort to tackle electronic waste
● Reboxed is working to make it easier for consumers and businesses to make sustainable tech choices
● Lead investor Ministry Of Sound alongside Youtuber Alastair Aiken joins former Dyson CEO Martin McCourt, Mazuma Mobile co-founder Charlo Carabott, and ustwo Co-Founder Matt ‘Mills’ Miller
● For every device bought or sold, reboxed plants 5 trees and donates 1% of profits to environmental charities
15th September 2021: Sustainability-focused refurbished and pre-owned tech brand reboxed, based in Brixton, London, are pleased to announce they have exceeded £1M in funding including a new seed investment round led by Ministry Of Sound and angel investors totalling £705k.
Funds raised in this round will be used to support the launch of the reboxed recycling service allowing customers and retailers to trade in used devices via the reboxed TechCheck® software. The technology also allows customers to convert unwanted devices into cash, trees – or donations – helping to reduce the device’s impact on the environment. Their mission is simple – save 100 million used devices from going unloved to lying in a landfill by adopting their circular business model: rebox, rehome, repeat.
Lohan Presencer, Chairman of Ministry of Sound said “Almost everyone in the world has a phone. They break and get replaced with the latest models, creating mountains of e-waste as a result.
Reboxed are on a mission to recycle tech waste constructively, one that we wholeheartedly support. We are excited to share their story with our customers and support the business as it grows to the next level.”
Reboxed will utilise this significant investment to help in their mission to rehome a 100 million devices, grow the team and introduce the brand to millions of more people leveraging partnerships with content creators, including collaborations with tech enthusiasts like investor and YouTube star Ali-A.
“I am actively looking to invest in startups that I feel can have a positive impact in areas both I and my audience are interested in. One of these interests is technology, that’s also trying to be environmentally aware, so it was a no-brainer when the opportunity came up with Reboxed. I love that these devices are being fixed up and rehomed at an affordable price, whilst reducing the amount of tech waste. I am excited to work with Reboxed to change the way we think about old or damaged and create a positive shift in the tech industry.” says Ali-A
The firm is aiming to transform the way we buy and sell used technology, creating a smarter and more sustainable choice for consumers to upgrade and trade their tech while saving money and the planet.
Phil Kemish, reboxed co-founder and CEO, said: “This investment is an exciting step to help us expand the brand and partner with more retailers to transform the pre-owned and refurbished experience. This investment shows the confidence in what we’ve built so far and we’ll continue on our