INVESTMENT:

£6 Million

FIRST BACKED:

2015

EXITED:

2021

LOCATION:

Stockport

SECTOR:

Digital Re-commerce

REVENUE CAGR:

15.5%

EXIT:

IPO

RETURN:

12.1X MM

International expansion

  • Supported the team expanding Internationally through development of a facility in the USA and launching US website “decluttr.com”.
  • Introduction of a subscription (rental) model to capitalise on the growing ‘circular economy’.
  • Development of SMARTDrop Kiosks positioned in high footfall physical retail outlets allowing consumers to realise cash for their old tech in four minutes resulting in increased adoption.
  • Strategic alliance with Apple for both new product but, more importantly, as a re-commerce partner in the UK.
  • “magpie circular” a programme focusing corporates on the recycling of their old tech to raise cash or create charitable donations.
  • The company was admitted to AIM in April 2021.