About Back Market
Back Market is a company based in New York (United States) founded in 2014 by Thibaud Hug De Larauze, Vianney Vaute, and Quentin Le Brouster.. Back Market has raised $1.02 billion across 5 funding rounds from investors including Goldman Sachs, General Atlantic and Eurazeo. Back Market operates in a competitive market with competitors including reboxed, Certideal, eCommsell, Hello RSE and Geekmarket, among others.
- Headquarter New York, United States
- Founders Thibaud Hug De Larauze, Vianney Vaute, Quentin Le Brouster
- Stage Unicorn
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.02 B (USD)
in 5 rounds
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Latest Funding Round
$509.77 M (USD), Series E
Jan 11, 2022
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Investors
Goldman Sachs
& 6 more
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Employee Count
Employee Count
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Software Development Team
61 people
Senior Team
31 people
Data Analysis and Operations Team
15 people
Product Management Team
14 people
Leadership Team
12 people
Operations Team
10 people
Head Team
9 people
Sales and Marketing
6 people
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Funding Insights of Back Market
Back Market has successfully raised a total of $1.02B across 5 strategic funding rounds. The most recent funding activity was a Series E round of $509.77 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series E — $509.8M
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First Round
First Round
(03 Mar 2017)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series E - Back Market | Valuation | Sprints | |
| May, 2021 | Amount | Series D - Back Market | Valuation | General Atlantic | |
| May, 2020 | Amount | Series B - Back Market | Valuation | Goldman Sachs , Aglae Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Back Market
Back Market has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Goldman Sachs, General Atlantic and Eurazeo. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity firm focused on sustainable investments
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Founded Year | Domain | Location | |
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Private equity fund focused on global markets
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Founded Year | Domain | Location | |
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Technology sectors are targeted for venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Back Market
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Back Market
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Back Market Comparisons
Competitors of Back Market
Back Market operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as reboxed, Certideal, eCommsell, Hello RSE and Geekmarket, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Refurbished smartphones and accessories are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Refurbished electronics are sold via an online marketplace platform.
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| domain | founded_year | HQ Location |
Online retailer of refurbished smartphones, tablets, and accessories with warranties.
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| domain | founded_year | HQ Location |
Refurbished electronic products are retailed online across multiple categories.
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| domain | founded_year | HQ Location |
Refurbished electronic products are sold via an online multi-category marketplace.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Back Market
Frequently Asked Questions about Back Market
When was Back Market founded?
Back Market was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is Back Market located?
Back Market is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Back Market?
Thibaud Hug De Larauze is the current CEO of Back Market. They have also founded this company.
Is Back Market a funded company?
Back Market is a funded company, having raised a total of $1.02B across 5 funding rounds to date. The company's 1st funding round was a Series B of $120M, raised on Mar 03, 2017.
What does Back Market do?
Back Market was founded in 2014 and is based in New York, United States. An online marketplace is operated for refurbished electronic products within the e-commerce sector. Items are categorized by external condition levels. Used electronics can be sold by users, who provide detailed product descriptions for valuation by the company. Buying and selling activities are facilitated across this platform.
Who are the top competitors of Back Market?
Who are Back Market's investors?
Back Market has 7 investors. Key investors include Goldman Sachs, General Atlantic, Eurazeo, Generation Investment Management, and Aglae Ventures.
What is Back Market's valuation?
The valuation of Back Market is $5.7B as of Jan 2022.