# VC Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vc-technology

- Industry: Internet
- Headquarters: France
- Website: www.certideal.com
- Total disclosed funding: $14M
- Latest round: Series B (Dec 16, 2021)
- Investors on record: 4

## About

VC Technology is a French company specializing in the refurbishment and resale of smartphones, primarily focusing on environmentally sustainable technology solutions for cost-conscious consumers.Founded in 2015 in France, VC Technology operates in the refurbished electronics market, offering rigorously tested smartphones. The company has seen a shift in strategy toward enhancing its geographical reach. The latest funding round was a Series B, raising EUR 12.010 mn on December 16, 2021, led by Meridiam with participation from multiple investors. VC Technology's current valuation stands at EUR 53.183 mn, and the company has successfully completed a total of 4 deals since its inception.CertiDeal, a brand of VC Technology, specializes in the refurbishment and resale of smartphones, predominantly iPhones and Samsung devices. The company offers a selection of reconditioned smartphones that undergo rigorous quality assurance, targeting individuals seeking affordable alternatives to new devices. CertiDeal maintains an emphasis on environmental sustainability and operates primarily in European markets, providing products with significant cost savings compared to new devices.In 2021, VC Technology generated revenue of EUR 39,177,529.30. The company reported an EBITDA loss of EUR 2,125,739.10 for the same year, indicating its investment in growth despite current financial pressures.Following the Series B funding round in December 2021, VC Technology plans to utilize the EUR 12.010 mn raised to reinforce its market position in France, Italy, and Spain, while expanding into additional European countries. The funding will support the development of new products and enhance their operational capabilities to meet the increasing demand for refurbished smartphones.

## Funding rounds

- Series B, Dec 16, 2021, $14M — Elevation Capital Partners, Ternel, Meridiam, BNP Paribas Developpement

## Investors

- Elevation Capital Partners (https://capitalatlas.ai/funds/elevation-capital-partners) — Series B
- Ternel (https://capitalatlas.ai/funds/ternel) — Series B
- Meridiam — Series B
- BNP Paribas Developpement (https://capitalatlas.ai/funds/bnp-paribas-developpement) — Series B