Tecfys Secures €6 Million in Venture Debt for Expansion

Tecfys, a startup focused on the circular consumption of electronics and appliances through subscriptions, announced a €6 million venture debt round this Monday.

Investment firms Inveready and Zubi Capital participated in the funding. The capital is earmarked for purchasing additional technological assets to expand the company’s subscription services.

The company currently manages 2,500 tech devices on subscription, generating over €100,000 in monthly revenues. Tecfys aims to increase its inventory to 3,000 devices and boost its monthly revenue to €200,000 within this year.

This financial boost is poised to significantly enhance Tecfys’ market presence by allowing for an increase in the availability of high-demand tech products to its consumer base.