Revibe a Dubai-based refurbished electronics startup raised $7m funding

Revibe, a Dubai-based startup specializing in refurbished electronics, has successfully raised $7 million in a Series A funding round co-led by ISAI and Resonance. This investment marks growing demand for affordable, sustainable technology solutions in the Middle East and North Africa (MENA) region.

Founders and Founding Year

Founded in July 2022 by co-founders Abdessamad Benzakour and Hamza Iraqui, Revibe was founded on a vision to inspire trust in the regional used electronics market. Benzakour was a principal at Oliver Wyman with ten years of experience in the regional telecom industry, while Iraqui was a serial entrepreneur and former partner at Boston Consulting Group (BCG). The duo saw an enormous gap in the market for quality-controlled, eco-friendly electronics.

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About Revibe

Revibe is a B2C marketplace that sells refurbished electronics, such as smartphones, laptops, gaming equipment, tech accessories, and smartwatches. The firm sells devices that are between 30% and 70% cheaper than new devices, targeting cost-sensitive consumers seeking sustainable alternatives.

To become the region’s trusted marketplace for refurbished tech, delivering high-quality, affordable, and eco-friendly electronic devices to consumers.

Channelling the refurbished tech boom market in MENA to stimulate the circular economy and help create better access to technology for as many people as possible toward a more sustainable future environment.

Core Offers

• Offering a Vast Catalogue of Products: From high-end smartphones, laptops and gaming equipment to various types of tech accessories, smartwatches, Revibe delivers an assortment that will undoubtedly meet every type of buyer’s needs.
• Competitive Pricing: Selling refurbished devices at a much lower price, Revibe brings technology to a larger number of people.
• Customer-Centric Policies: The company offers a one-year warranty, free shipping and returns, 10-day return policy, and 24/7 customer support to ensure the best customer experience. 

Recent Funding and Growth

In December 2024, Revibe raised $7 million through a Series A funding round, co-led by ISAI and Resonance. This comes after a $2.3 million seed funding round in 2023, taking the cumulative funding to around $9.3 million. The business has seen tremendous growth. Within two years, Revibe sold more than 80,000 refurbished devices across the UAE, Saudi Arabia, and South Africa.

Uses of Funds

• Accelerate Expansion: Enhance and consolidate Revibe’s presence in emerging markets, reaching a broader customer base.
• Enhance Customer Care: Invest in expanding customer care and quality assurance teams to maintain high service standards.
• Develop Technology: Advance the development of dedicated iOS and Android applications to provide a streamlined purchasing experience.

Market Context

The refurbished consumer electronics market in the MENA region is valued at approximately $6 billion and is expected to reach $20 billion within the next decade. Factors such as government initiatives promoting sustainability, an increasingly eco-conscious society, and cost-conscious consumer behavior are driving this growth.

Impact on Sustainability

By encouraging the reuse of electronic devices, Revibe is helping to advance the circular economy, reducing electronic waste and the environmental impacts associated with the production of new devices. This supports global sustainability goals and resonates with environmentally conscious consumers.

Customer Experience

Revibe’s commitment to customer satisfaction is evident through its comprehensive warranty, flexible return policies, and round-the-clock customer support. These measures have fostered a loyal and expanding customer base, as consumers seek reliable and affordable alternatives to new electronics.

Future Outlook

With the healthy injection of capital and a clear strategic roadmap, Revibe is better positioned to maintain its runaway growth and innovation curve. The company is well-suited to play a pivotal role in changing the rules of the game in consumer electronics, creating a transformative force in the tech ecosystem that could reshape the entire way electronic devices are being consumed in the MENA region and beyond.