Refurbly to raise an additional SEK 6 million from angel investors in Sweden.

Refurbly, an Örebro, Sweden-based startup building a digital marketplace for refurbished mobile phones, raised a new capital round closed at SEK 5.9 million ($600k).

The money was raised from local angel investors from Sweden, including Telia's former CEO Johan Dennelind, David Stenmarck and Jimmy Palmqvist.

Proceeds will be used as the company is launching a subscription service on top of its retail operation.

Refurbly, founded in 2019 by CEO David Lundgren Fetah, is an e-commerce company that sells used mobile phones after inspection, renovation, factory reset and tests by experienced service technicians. In 2021, the company had a turnover of SEK 4.6 million ($500k), and also raised SEK 6 million from angel investors from Sweden.