Seventure et al. inject €7.1m into Recommerce Solutions

CDC Entreprises invested via the state-backed FSN PME fund, reportedly contributing €3m. Seventure Partners is believed to have invested €3.5m, with 3T providing the remainder of the round.

Recommerce Solutions will use the fresh capital to invest in research and development in order to boost its growth. Alpha Capital Partners handled the fundraising process.

Company
Founded in 2009, Recommerce buys used electronic products from telecoms businesses and electronics retailers. It then sells these on to consumers, addressing both the demand for cheaper electronic products and the recycling needs of industry professionals.

Recommerce employs around 40 staff and posted a €20m turnover last year.

People
Bruno Rivet led the deal for Seventure. Xavier Deleplace and Gilles Debuchy represented CDC Entreprises and 3T respectively.

Advisers
Equity – Jones Day, Renaud Bonnet, Anne Kerneur (Legal); Atlays, Stéphane Fay (Financial due diligence).
Company – Alpha Capital Partners, Marc Oiknine (Corporate finance); Vendôme, L Jung-Allegret, Nicolas Mazzella (Legal).

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• Topics
• France
• Expansion
• Consumer
• France
• Seventure (SPEF)
• E-commerce
• CDC Entreprise Innovation