France-based refurbished devices marketplace Back Market raised $48m in a series B round yesterday from investors including Groupe Arnault, a diversified holding firm whose properties include luxury consumer goods company LVMH.
Aglaé Ventures, the investment arm of Groupe Arnault, also invested separately in the round, as did private equity firm Eurazeo and venture capital fund Daphni.
Back Market enables consumers to purchase refurbished electronic devices and appliances, such as smartphones, tablets and laptops, from certified vendors that offer a minimum…
