Bulgarian online marketplace Swipe.bg raises €510k in a seed round
18 November, 2022, 17:23
The Sofia-based platform for buying and selling used smartphones Swipe.bg has raised €510,000 in a seed round to expand its operations. The investment was co-led by Vitosha Venture Partners and New Vision 3, angel investors also participated.
- Founded in October 2021 by Mihail Dimitrov, Ognyan Popov, and Nikola Pavlov, Swipe.bg is the first Bulgarian platform for buying and selling second-hand mobile phones. The platform checks, certifies and help to sell used smartphones to consumers who want quality and working phones at low and affordable prices.
- Swipe.bg offers refurbished used phones at prices ranging between 15% lower than market prices for new models, and 50% lower for older models. The company buys used phones from consumers, gives them a quick evaluation through a platform on its site, then repairs them if needed.
- The fresh round was led by two Bulgarian early stage funds, Vitosha Venture Partners and New Vision 3. Angel investors from CEO Angels Club also participated.
- The investment will allow the startup to expand the range of smartphones, to increase the team, and to develop its marketing efforts.