Epic Angels, the largest global all-female investment collective, has announced its investment in Refurbi, a Colombian startup offering refurbished smartphones in Latin America, as part of a US$4 million seed extension round including equity and debt.

The funding will support Refurbi’s expansion into Mexico and increase its operational scale.

Refurbi plans to use the capital to improve technology, enhance efficiency, and grow regionally, targeting US$100 million in revenue by 2030.

The investment includes Latin Leap, PSM Impact Ventures, strategic investors, and financial institutions such as the Inter-American Development Bank and Banco Itaú.

Founded in Colombia, Refurbi refurbishes used devices in certified in-house labs and sells them through retail, ecommerce, and business-to-business channels.

The company serves over 80,000 users in Colombia and holds nearly 0.5% of the local smartphone market, offering a 14-month warranty and 30-day return policy.

🔗 Source: Epic Angels