Redeem Group

Redeem Group

Redeem is a leading global provider of recycling and recommerce solutions for mobile phones and tech

Founded 1999

Bathgate, United Kingdom 62 employees Venture round Total: $15.00M Consumer Electronics, Mobile +2

Redeem Group is a global leader in recycling and recommerce solutions for mobile phones and tech. The company offers trade-in and buy-back programs for mobile network operators and retailers, providing services such as device diagnostics, data erasure, refurbishment, reselling, and digital marketing. Its clientele includes prominent names like Telefónica UK (O2 Recycle), Three, Vodafone, Tesco Mobile, giffgaff, Bell Canada, CellC, Telia Sonera, Samsung, Telenor, and Tele2. Through its consumer brand, Envirofone, Redeem enables consumers to trade in their old devices for cash. Additionally, Envirofone's online shop retails refurbished phones and accessories, all subject to a comprehensive 100-point quality check. Operating across 32 countries on three continents, Redeem has returned an impressive £75 million to customers for their old phones in FY17. Notably, its partnership with Telefónica UK has resulted in £165 million given to UK consumers through the O2 Recycle scheme. Approximately 95% of the traded devices received by Redeem undergo data wiping, refurbishment, and resale. The remaining 5% are responsibly recycled, ensuring zero waste ends up in landfills. This sustainable approach aligns with the WEEE Directive and high-quality CSR programs. With its headquarters in the United Kingdom and regional offices in various global locations, Redeem maintains a strong international presence. In 2014, Praesidian Capital facilitated a significant £7.00M Debt Financing investment in Redeem, signaling a strong show of support from the investment community. As the company continues to thrive in the consumer electronics and mobile industries, its commitment to sustainability and innovation positions it as an attractive potential investment opportunity. For more information about Redeem's mission and achievements, visit www.redeemgroup.com.

Funding Stage	Amount	Investors	Lead Investors	Date
Venture Round	£8.00M	2	Praesidian Capital, Connection Capital LLP	18 Sep 2014
Debt Financing	£7.00M	1	Praesidian Capital	18 Sep 2014

Funding Stage

Amount

Investors

Lead Investors

Date

Venture Round

£8.00M

Praesidian Capital, Connection Capital LLP

18 Sep 2014

Debt Financing

£7.00M

Praesidian Capital

18 Sep 2014

FAQ About Redeem Group

Redeem is a leading global provider of recycling and recommerce solutions for mobile phones and tech

Redeem Group was founded in 1999.

Redeem Group is headquartered in Bathgate, United Kingdom.

Redeem Group operates in Consumer Electronics, Mobile, Sustainability and Telecom. Its work centres on Recycling, Recommerce, Mobile Phone and Tech Recovery.

Redeem Group has approximately 62 employees.

Redeem Group has completed 2 funding rounds, raising a total of $15.00M. The latest funding stage is Venture round.

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