ETF Digest
SOS Accessoire raises €10M in a funding round co-led by ETF Partners
Posted
28 April 2021
Categories
Announcing our latest investment!
We’re exceptionally excited today to announce that alongside Quadia we co-led the €10M investment in SOS Accessoire – joined by Starquest Capital and Seed for Good!
It’s an incredibly exciting time for this market, as research has shown that around 80% of home appliances get replaced instead of repaired, creating an enormous environmental problem. At the same time, the spare parts market is worth €4.1bn in the European Union alone.
As Remy de Tonnac, partner at ETF Partners, stated, “We’re seeing an increasingly conscious consumer wanting to maintain their appliances, rather than just throw them away. SOS Accessoire is ideally placed to meet that need, with a management team that has a deep understanding of the market and the business model to not only dominate this niche within the e-commerce sector but disrupt the broader market itself.”
You can read the full article in TechCrunch!