Green Panda raised EUR 1.5M

Green Panda, an Athens, Greece startup running an ecommerce marketplace for smartphones recycling, secured 1.5m euros ($1.8M) in its first round of funding.

The funding round was raised from investors led by angel investors whose name remained undisclosed.

Green Panda, founded in 2019 by Fanis Koutouvelis and Alex Vratskidis, are using what they call a Green Panda ATM, a kiosk where consumers can have the value of the phone automatically recognized, for which they receive an offer. If the holder wishes to proceed with the recycling, he introduces his IBAN and Green Panda rewards him with the value on the spot,.