BPI backs Revibe, the leading refurbished electronics marketplace in the Middle East and South Africa
Burda Principal Investments (BPI) is proud to announce our participation in Revibe’s $17 million Series B funding round, alongside Partech, E&, and EQNX, with continued support from existing investors ISAI and Financière Saint James. With over a decade of experience investing in category-defining marketplaces globally, BPI is delighted to welcome Revibe to our portfolio.
Accelerating leadership in attractive regions
Revibe is the leading refurbished consumer electronics marketplace in the Middle East. It connects consumers with high-quality refurbished smartphones, laptops, tablets, smartwatches, and gaming devices. Its asset-light marketplace model is reshaping access to electronics in regions characterised by high smartphone penetration, short device replacement cycles, rising digital adoption, and growing demand for affordable and sustainable alternatives.
Founded in 2022 in Dubai, by former strategy consultants Abdessamad Benzakour and Hamza Iraqui, Revibe has rapidly scaled across the UAE, Saudi Arabia, and South Africa. Dubai serves as a strategic supply hub – centrally positioned between global electronics markets and home to a thriving ecosystem of over 300 refurbishers looking for ways to distribute their products to the growing regional demand. Revibe’s explosive and efficient expansion into Saudi Arabia and South Africa validates the scalability of its model.
“With Revibe, we’re backing a category leader with a repeatable, capital-efficient playbook for regional growth,” says Francesco Moro, Principal at BPI. “The founders have built a defensible model with impressive traction and a clear path to further scale.”
“Dubai’s role as a global logistics and electronics hub gives us a unique advantage,” says co-founder and co-CEO Hamza Iraqui. “We’ve built Revibe to be scalable from day one, a truly asset-light business that delivers value to both refurbishers and end-customers across the region and beyond.”
Powering the circular economy in emerging markets
Revibe is riding the wave of circular consumption, offering a sustainable and reliable solution to electronics recommerce in emerging markets. With strong relationships across its refurbisher network, the company is well positioned to deepen its presence in Middle East and Africa, and lay the foundation for expansion in Southeast Asia.
The Series B funding will support Revibe’s continued growth and help bring affordable, high-quality tech to more consumers across emerging markets.
“We’re thrilled to have BPI as a partner,” says Abdessamad Benzakour, co-CEO of Revibe. “Their deep experience with leading marketplaces and consumer platforms, and their support for regional expansion makes them the ideal partner for our next phase of growth.”
