Back Market, platform for refurbished tech gadgets, raises $335 million

FILE PHOTO: Billboards advertising Back Market, a market place for refurbished tech gadgets are seen in New York City, NY, U.S., October 2, 2020. Picture taken October 2, 2020. Back Market/Handout via REUTERS

(Reuters) - Back Market, an online platform for buying, selling and servicing refurbished tech gadgets, said on Tuesday it raised $335 million in its latest funding round which valued the company at $3.2 billion.

The company, started in France in 2014, aims to make it easier for customers to buy refurbished gadgets like iPhones without having to worry that the seller may be peddling stolen or broken goods, said Chief Executive Thibaud Hug de Larauze.