Iris Capital leads reBuy round

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.

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• Topics
• Expansion
• DACH
• Consumer
• Iris Capital (Part’Com)
• Germany
• France