asgoodasnew electronics GmbH (the company behind Wirkaufens), a Frankfurt, Germany-based consumer electronics company, recently raised €11m in venture capital funding.
Backers included new investors Munich Venture Partners and MCI Management as well as existing investors Seven Ventures, Investitionsbank des Landes Brandenburg (ILB), PDV Inter-Media Venture and Ventech.
Founded in 2008 by Christian Wolf and currently led by CEO Daniel Boldin, Wirkaufens buys used mobile phones, portable music players, Sat Nav units and digital cameras. All devices are quality-checked, reprocessed and brought back to market.
The company currently has more than 110 employees in Frankfurt (Oder) and Berlin.