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Unquote
  • Expansion

Iris Capital leads reBuy round

  • Greg Gille
  • Greg Gille
  • @unquotenews
  • 20 March 2013
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French VC Iris Capital has led a funding round for Germany-based used products e-commerce website reBuy.

Iris stated that, although reBuy is operating in a crowded market, it was attracted by the company's recent growth, the quality of its management team and its logistics processes.

Iris specialises in technology-focused venture investments. The VC recently entered into a partnership agreement with Capnamic Ventures to make early-stage investments in Germany. OP Ventures Early Stage, the Iris vehicle, will co-invest alongside the newly launched Capnamic Ventures Fund, focusing on fast-growing German digital start-ups.

reBuy

  • DEAL:

    Expansion

  • LOCATION:

    Berlin

  • SECTOR:

    Speciality retailers

  • FOUNDED:

    2004

  • STAFF:

    c380

The VC invested in reBuy via the OP Venture Growth vehicle and the €80m Iris Capital III fund. The amount of the funding round will remain undisclosed.

Company
Founded in 2004 under the initial name of Trade-a-game, reBuy offers a platform for selling and buying used entertainment products such as DVDs, video games, books and mobile phones.

The Berlin-based business employs around 380 people - its turnover figures remain confidential.

People
Erkan Kilicaslan led the deal for Iris. Lawrence Leuschner is deputy director of reBuy.

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  • Iris Capital (Part’Com)
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