
Iris Capital leads reBuy round
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.
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.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater