Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Swappie on a $40 million growth capital raise.

Headquartered in Helsinki, Swappie is the leading and rapidly expanding Pan European recommerce platform for iPhones. By refurbishing iPhones to the highest standards using the latest technology and a unique data-driven process, Swappie is reducing environmental waste whilst meeting the surging demand for affordable and environmentally friendly smartphone offerings.

The funding will be used to accelerate international expansion. Participants in the round include TESI, Lifeline Ventures, Inventure and Reaktor Ventures.

The transaction underlines Arma Partners’ position as a market-leading advisor on private capital funding mandates to clients across Europe through its Private Capital practice, utilising its strong connectivity across the full breadth of relevant investor categories globally. The transaction further highlights the firm’s deep sector expertise in digital platforms, our excellent footprint in the Nordic countries (following growth capital transactions for Wolt and EcoOnline in recent months) and underlines our desire to act at the forefront of the intersection of ESG and technology.