# Flip4new

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/flip4new

- Industry: Internet
- Headquarters: Frankfurt, Germany
- Website: www.flip4new.de
- Total disclosed funding: $0.4M
- Latest round: Seed (Feb 3, 2012)
- Investors on record: 2

## About

Flip4new operates a platform for reselling and recycling consumer electronics, facilitating sustainable practices by enabling users to trade in their used devices for refurbishment and resale.Flip4new, founded in 2009, is based in Frankfurt, Germany, specializing in the resale and recycling of consumer electronics. The company has completed three deals, with the latest funding round being a Seed round of USD 0.38 mn from SquareOne in January 2022. The company was acquired by FoxWayne Enterprises Acquisition Corp., with financial terms undisclosed.Flip4New specializes in providing innovative solutions for the resale and recycling of consumer electronics. Their core offerings include a platform that enables users to sell or trade in their used devices, which are then refurbished and resold. This service addresses the growing demand for sustainable consumer habits by facilitating the reuse of gadgets, thereby reducing electronic waste. Flip4New targets a diverse customer base that includes environmentally conscious consumers, tech-savvy millennials, and businesses seeking to manage their electronic assets sustainably. Their products are primarily marketed in the European Union, with a notable presence in Germany, Austria, and Switzerland, where the demand for refurbished electronics is on the rise.Revenue generation for Flip4New is structured through direct consumer transactions facilitated by their online platform. In the most recent year, 2019, the company reported revenue of USD 19,082,393.80 and EBITDA of USD 282,111.50. Customers engage with the company by either selling their used electronics or purchasing refurbished devices, establishing a B2C model. The company offers tiered pricing based on the condition and model of the devices, allowing users to receive competitive offers for their electronics. Additionally, Flip4New may partner with retailers and other businesses to create a seamless ecosystem for electronics exchange, enhancing their market reach and driving sales.Flip4New is strategically positioned for growth with plans to launch new products aimed at enhancing their resale platform in 2023. The company is exploring expansion into additional European markets, particularly focusing on France and the Netherlands by the end of 2024. The recent Seed funding of USD 0.38 mn will support these initiatives, particularly in developing new product features and enhancing marketing efforts to reach a broader customer base.

## Funding rounds

- Seed, Feb 3, 2012 — SOSV
- Seed, Sep 8, 2010, $0.4M — SquareOne

## Investors

- SquareOne (https://capitalatlas.ai/funds/squareone) — Seed
- SOSV (https://capitalatlas.ai/funds/sosv) — Seed