Revivo, a B2B marketplace for consumer electronics parts, is a Kenyan business that has announced a US$635,000 pre-seed funding round.
Revivo is an online marketplace for high-quality electronic spare parts, accessories, and repair tools that was established in 2022 by Sarah Johnson.
By addressing the needs of small businesses that perform the vast majority of repairs, Revivo aims to increase access to high-quality and reasonably priced electronics repairs in emerging markets.
The business makes it simple for repair companies to find the supplies and items they require through its platform.
For their consumers, Revivo provides clear pricing, access to fresh product sources, assured quality, educational resources, and embedded finance.
Strategic business angels, Raba Partnership, Village Global, Musha Ventures, and Satgana supported the pre-seed round.
“Products like a smartphone or a solar home system can change lives. However, the reality is that these products remain unaffordable for many people and have damaging environmental impacts. By building a strong repair economy we can make the use of these devices more affordable while reducing their negative impact. I believe this is a huge opportunity, and the marketplace is just the beginning,” Johnson said.
The company has so far sold more than 45,000 products to thousands of customers and is forging alliances with important original equipment manufacturers and e-waste recyclers.
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