Rotterdam-based Valyuu, a circular platform for pre-owned electronics, announced that it has secured €2.4M in a fresh funding round led by Rubio Impact Ventures and Slingshot Ventures.
Other participating investors include US-based Techstars, Golden Egg Check Capital, and several angel investors.
The Dutch company says it will use the funds to further develop the platform, increase brand awareness in the Benelux, and accelerate international expansion.
Valyuu plans to develop the platform with new product features, expand the product catalog, and optimize the pricing and matching technology.
Valyuu was founded in 2022 by Ferhat Topuz, Arvin Esterabadi, and Jingwei Ren with the sole mission of encouraging more circular behavior, thereby reducing the e-waste pile.
Through the platform, users easily buy and sell used electronic devices in different categories at a fair price and without intermediaries.
The company also offers a ‘product passport’ for each product, which offers full transparency on the product’s condition, complete with unique photos and access to test reports.
As a result, consumers know exactly what they are buying. All products are validated using software and tested for functionality.
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