BuyBack Booth, a Montreal, Canada-based “Robot-as-a-Service” company that can diagnose a phone’s condition, closed a $5.2m seed funding round.
The round was backed by Brightspark Capital and includes financing from the Québec government through Investissement Québec.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Tony Mastronardi, CEO, BuyBack Booth has developed technology that supports retailers in their trade-in programs, producing an accurate diagnostic of a used smartphone’s condition. In less than 3 minutes, the booth and smartphone app can accurately test 40+ unique functions to determine the internal health of a device, and evaluate its external state to ensure consistency in customer trade-ins. The company integrates with retailers as part of the store’s existing trade-in offering, warranty claim verification, “anytime insurance” feature, and more.