Eze, a wholesale market for used and new electronics, has secured $3.7 million in seed funding to develop its know-how infrastructure, broaden its product providing and increase into new markets in Africa, Europe and South America.
The funding spherical was led by Proper Facet Capital Administration, with participation from C2 Ventures, Boro Capital, EVPI Investments and different angel buyers.
In accordance with Josh Nzewi, CEO and co-founder of Eze, “Our mission is to energy unfettered entry to shopper electronics the world over, enabling customers to maximise their potential with the experiences supplied by these gadgets. We’re thrilled to have the help of our buyers, and we sit up for utilizing this funding to boost our platform and supply much more worth to our prospects. Our objective stays to grow to be the go-to vacation spot for B2B patrons and sellers within the electronics business, particularly in rising markets, and this funding will assist us obtain that objective.”
Eze is a B2B wholesale market for smartphones, laptops, tablets, and different electronics. Eze connects hundreds of patrons from the world over to over 200,000 SKUs which were vetted and examined and could be bought on the click on of a button.
With Eze, patrons can entry unbeatable wholesale costs, clear product high quality grading, cost of their native forex, prolonged guarantee and different companies designed to help efficient and environment friendly buying and selling. Sellers can even entry a global community of certified patrons and different companies designed to drive gross sales.
“We imagine that Eze has the potential to revolutionise the wholesale electronics market,” mentioned Chris Cunningham of C2 Ventures. “Their platform is user-friendly, with integrations that allow a wonderful purchaser expertise. We’re excited to help them of their enlargement journey.”
The worldwide marketplace for shopper electronics is projected to develop to achieve $1.70 trillion by 2028, pushed by rising disposable incomes of customers, the rising tendency in direction of digitization and the growing utility of non-public digital gadgets akin to smartphones, wearables and different gadgets. Nevertheless, the method of shopping for and promoting these gadgets in wholesale portions nonetheless stays closely guide, particularly in rising markets. This closely guide course of results in numerous inefficiencies and provides to the price burden for patrons which they usually go on to customers, elevating the barrier to entry doubtlessly life altering merchandise.
Headquartered in Los Angeles, California, Eze (pronounced – “Straightforward”) connects hundreds of patrons the world over to used and new smartphones, laptops, tablets and different electronics. Patrons should purchase from the most important electronics stock repository on this planet with over 200,000 SKUs obtainable at any time and have their orders delivered as rapidly as the subsequent day, relying on the place they’re ordering from.
Patrons can even pay securely of their native forex, making it simpler for them to purchase the electronics they want. Eze vets all sellers and bodily inspects every system that’s bought earlier than it’s shipped to the client, to make sure that all gadgets are totally practical and meet the prescribed high quality grading. The startup already has loyal prospects in additional than 50 international locations the world over, together with the US, UK, Nigeria, Mexico, Ukraine, UAE and it has bought greater than 500,000 gadgets, with lower than 1 p.c defect charge.