Reebelo, a San Mateo, CA-based marketplace for affordable, sustainable consumer electronics, raised US$29M in Series A funding.

The global circular economy, comprising the sale of secondhand and refurbished goods, was valued at about $339 billion in 2022 and is poised to more than double by 2026. Much of this is driven by consumer behavior to reduce waste and have more sustainable consumption of goods.Singapore-based Reebelo, a marketplace for affordable and sustainable consumer electronics, has had a passion for keeping electronics out of landfills since it was started by Philip Franta and Fabien Rastouil in 2019.“In the beginning, it was very much focused on phones,” Franta told TechCrunch. “Now, we also went into gaming and then ‘close by’ categories, while some markets went a little bit outside of consumer electronics to become a good place for sustainable consumption.”The marketplace includes pre-owned devices, like laptops, tablets, smartwatches, phones and gaming, that are available for purchase at up to 70% savings. The company offers one-year warranties, certified sellers and 30-day free returns. In addition to Singapore, Reebelo services Australia, New Zealand, Malaysia, Hong Kong and South Korea.TechCrunch has followed the company’s journey from raising a seed round in 2020 to a $20 million Series A round in 2022. Now the company is back with an additional $29 million in Series A extension dollars and a new U.S

Martell Hardenberg, an Antler partner and Lazada co-founder, and Keshup, will join Reebelo’s board alongside David Rosskamp, June Fund’s founder and managing partner.