UAE’s Revibe secures $7m in Series A funding round

UAE-based Revibe, a leader in guarantee-backed refurbished consumer electronics, has closed a $7m Series A funding round, co-led by ISAI and Resonance.

Other prominent investors include Kima Ventures and football star Edouard Mendy. This latest round follows a year of robust revenue growth and positions Revibe as the dominant player in the Middle East and North Africa’s (MENA) $6bn refurbished electronics market.

Revibe, founded less than two years ago, has already sold over 80,000 refurbished devices, delivering cumulative savings of $14m for customers while reducing CO2 emissions by over four million kiligrammes and conserving 960 million litres of water.

The startup has achieved strong traction by offering refurbished smartphones, laptops, gaming devices, accessories, and smartwatches, supported by a one-year warranty, free shipping and returns, and 24/7 human-led and AI-enabled customer support.

Revibe aims to support growing refurbished consumer electronics segment

“Our ability to deliver like-new devices at 30 to 70 per cent below retail prices is appealing, but it’s our unmatched quality assurance that sets us apart,” said Abdessamad Benzakour, Revibe co-founder. “With a sustainability-oriented society and cost-conscious consumerism on the rise, the pre-loved tech market in MENA is poised to reach $20bn within a decade.”

The company also invested in mobile applications for iOS and Android to enhance the customer experience, streamlining the purchase process. Revibe’s strategic initiatives are aimed at cementing its reputation as the region’s trusted marketplace for refurbished tech.

With the fresh capital, Revibe plans to accelerate its expansion into emerging markets and grow its customer care and quality assurance teams. Co-founder Hamza Iraqui emphasized the company’s commitment to sustainability and scalability. “Our revenue growth validates our business model and proves that a sustainability-focused enterprise can achieve positive unit economics while delivering compelling value to customers,” he said.

The Series A funding comes as the refurbished consumer electronics segment continues to gain momentum.

ISAI Principal William Vermont remarked, “We are thrilled to invest in Revibe, which is addressing accessibility and sustainability in consumer technology. The company’s growth since our initial investment earlier this year highlights its strong unit economics and execution.”

Maxime Le Dantec, partner at Resonance, expressed similar enthusiasm. “Revibe is one of the fastest-growing startups we’ve supported. As the leading refurbishment marketplace in MENA, the company has the potential to become the number one player in developing markets, tackling an impressive $30bn market opportunity,” he said.