Tecfys Raises €6 Million in Venture Debt for Expansion Efforts

The funding saw participation from investment firms Inveready and Zubi Capital. The investment will be used to acquire more technological assets, allowing Tecfys to expand its subscription services and further promote the circular consumption of electronics and appliances. As a startup focused on the circular economy, Tecfys has positioned itself as an innovative player in the sustainability-focused tech sector. With this latest funding round, the company is well-equipped to drive growth and continue its mission of promoting eco-friendly solutions in the electronics and appliance industry. Tecfys, a startup focused on promoting the circular consumption of electronics and appliances through subscriptions, has announced plans to expand its services following a successful €6 million venture debt round. Currently managing 2,500 tech devices on subscription and generating over €100,000 in monthly revenues, Tecfys aims to grow its inventory to 3,000 devices and boost monthly revenue to €200,000 by the end of the year.