Swappie and Sharpist set sights on Ireland after successful funding rounds

Swappie and Sharpist set sights on Ireland after worthwhile funding rounds

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Swappie and Sharpist plan to scale their operations in European markets, along with Ireland.

Two European start-ups – refurbished iPhone provider Swappie and digital coach provider Sharpist – have launched plans to extend in Ireland after elevating up to date funding rounds.

Finland-based Swappie has raised €108m in a Assortment C funding spherical led by progress equity company Verdane. This included help from present patrons Lifeline Ventures, Inventure, Reaktor Ventures and Tesi, which all participated throughout the agency’s Assortment B funding spherical in 2020. Following this funding, the total raised by Swappie is now €149m.

Berlin-based Sharpist, within the meantime, has completed a $23m Assortment A funding spherical, co-led by progress capital company Endeit Capital and VC company Capnamic. Totally different patrons throughout the spherical included Founders Future, Porsche Ventures, enterprise angels and present patrons Vorwerk Ventures and Btov Companions.

Every start-ups plan to utilize the funding to capitalize on rising markets in Europe.

Swappie

Primarily based in 2016 by Sami Marttinen and Jiri Heinonen, Swappie objectives to supply customers with a additional fairly priced and environmentally nice technique to enhance their telephones. The company buys, refurbishes and sells iPhones, whereas allowing clients to advertise their outdated iPhones on its website.

Following the most recent funding spherical, Swappie said it’s going to take care of scaling its operations in Ireland, which began in 2020. It objectives to connect with Irish companions and enhance throughout the 14 completely different markets it operates in all through Europe. The company moreover plans to increase its number of employees from 1,200 to 2,200 by the highest of the yr.

“People are increasingly looking out for strategies to cut back their environmental impression and locking onto the reality that smartphone shopping for is an house we’ll all sort out,” Marttinen said. “All of us want good tech, nonetheless it will not need to worth the earth.

“We actually think about that Swappie can drive shopper consciousness and perception throughout the sector by standardizing top quality, championing the place of sustainability, and making purchasing for a refurbished smartphone as widespread as purchasing for a used car,” he added.

The iPhone provider said it has expert speedy progress in the previous couple of years, with a 220pc enhance in product sales in 2020 as compared with the yr sooner than.

Swappie COO Emma Lehikoinen said the smartphone market is worth higher than €100bn, with used or refurbished telephones making up spherical 10pc. “There could also be massive potential for the refurbished cellphone market to develop,” she added. “At Swappie we see this potential as an unimaginable various to solidify our efforts in rising the current European operations.”

Sharpist

Primarily based by Hendrik Schriefer and Fabian Niedballa, Sharpist develops a custom-made e-learning platform for companies’ employees. This platform provides non-public enterprise coaches by cell and internet apps, along with personalised learning content material materials.

Sharpist said there is a rising market in firm learning and progress worth about $300bn globally. Since its launch in 2018, the company said its purchasers have used the platform to retain and develop their experience. It now plans enhance into the UK and Ireland following its latest funding.

Sharpist founders, COO Fabian Niedballa and CEO Hendrik Schriefer

Sharpist COO Fabian Niedballa and CEO Hendrik Schriefer. Image: Sharp

The e-learning agency plans to utilize the funding to hurry up progress all through Europe and open a London division throughout the coming months. It moreover objectives to double its headcount of 100 employees by the highest of the yr.

“We’re excited to companion with our new patrons Endeit Capital, Capnamic, and Porsche Ventures on our mission to show into the primary platform for occupation and different individuals progress – ​​we’ll significantly revenue from their big experience in developing sturdy, multinational leaders,” CEO Schriefer said.

Purchasers that utilise Sharpist’s corporations embody Strabag, Franke and Otto Group. In path of the highest of 2021, the e-learning agency secured new prospects along with Zalando, Metro and BASF.

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