musicMagpie

  • SectorRetail
  • OverviewmusicMagpie is a leader in the re-commerce of consumer technology and media.
  • Completed2021

International expansion

musicMagpie is a leader in the re-commerce of consumer technology and media.

  • 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.

musicMagpie in numbers

  • £6m Investment
  • 2015 First backed
  • 15.5% Revnue CAGR
  • 12.1 Return
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