Certideal in a €15 million round led by Meridiam

Certideal, a Paris, France-based operator of a circular economy digital platform selling refurbished elctronic products, announced closing a €15 million capital investment round.

The money was raised from investors led by Meridiam GIGF,  joined by Inter Invest Capital, MAIF Avenir and BNP Paribas Développement.

Proceeds will be used to strengthen the company's market position in countries such as France, Italy and Spain and focus on geographical expansion by entering more European countries.

Certideal, founded in 2015 by Laure Cohen and Yoann Valensi, developed a digital platform via which it sells a range smartphones, digital tablets and other devices refurbished in-house in France. The company says sells more than 100,000 reconditioned phones per year with 24 months guarantee, that are up to 70% more affordable than new products. The company is the only integrated player selling exclusively through its proprietary website. This integration of the entire value chain gives CertiDeal a strong control over the quality of its devices and allows for a full traceability of the product. CertiDeal is present in France, Spain, Belgium, Italy, Portugal and Sweden.