Back Market

Global marketplace for refurbished electronics

Paris, Île-de-France, France

About Back Market

Back Market is a global marketplace that specializes in selling refurbished electronic devices. The company partners with professional refurbishers to ensure that each device meets strict quality and performance standards. By focusing on refurbished technology, Back Market aims to promote sustainability and reduce electronic waste, appealing to environmentally conscious consumers and budget-savvy shoppers who want high-quality tech at lower prices. The platform operates in multiple countries and uses a thorough vetting process to ensure the reliability of its products. Back Market's business model is commission-based, earning revenue from transactions on its platform, which allows for efficient scaling while maintaining quality control. Additionally, the company values work-life balance and flexibility for its employees, fostering a positive work environment.

Paris, FranceHeadquarters
2014Year Founded
$991MTotal Funding
SERIES_ECompany Stage
Consumer Software, Social Impact, Consumer GoodsIndustries
501-1,000Employees

Benefits

Health Insurance
Flexible Work Hours
Remote Work Options
Paid Vacation
Parental Leave
401(k) Retirement Plan
401(k) Company Match
Mental Health Support
Company Equity
Paid Sick Leave
Paid Holidays
Hybrid Work Options
Wellness Program
Professional Development Budget
Conference Attendance Budget
Home Office Stipend
Phone/Internet Stipend

Risks

Increased competition from new entrants like Swappa and Decluttr threatens market share.
Consumer skepticism towards refurbished electronics remains a significant challenge.
Economic downturns can reduce consumer spending on electronics, impacting sales.

Differentiation

Back Market focuses on sustainability by promoting refurbished electronics to reduce e-waste.
The company collaborates with professional refurbishers to ensure high-quality standards.
Back Market operates in 13 countries, offering a global reach for refurbished electronics.

Upsides

Back Market raised $510 million, valuing it at $5.7 billion in January 2022.
The European Union's Right to Repair legislation boosts demand for refurbished electronics.
The global refurbished smartphone market is projected to grow significantly by 2024.