Back Market secures $335 million in a funding round led by General Atlantic.

Back Market, a Paris, France-based operator of a marketplace for refurbished electronics, announced completing an investment transaction totalling $335 million.

The deal, dubbed as series D round, was led by private equity firm General Atlantic and Generation Investment Management, a sustainability-focused investment firm whose cofounder and chairman is former U.S. Vice President Al Gore. Existing shareholders Goldman Sachs Growth Equity, Aglaé Ventures, Eurazeo and daphni are said to have been contributed also to the round, which was made a $3.2 billion company valuation.

Back Market, founded in 2014 by CEO Thibaud Hug de Larauze and Vianney Vaute, developed a marketplace where consumers can buy refurbished electronics, such as laptops and smartphones. The company says it has 5 million customers in 13 countries with 1,500 sellers on the platform.

In 2021, Back Market brought its live country operations to a total of 13 markets, entering Japan, Finland, Portugal and Ireland. The company will soon be opening in Canada, Greece, Sweden and Slovakia and says it is leading the charge for the refurbished market by building a brand that is focused on quality, reliability and strong after-sales services.

Back Market previously raised $120M from Goldman Sachs, Aglaé Ventures and Eurazeo Growth in 2020, and a $48 million series B round announced in 2018.