World Bank Group Invests 22 Million Dollars in Getmobil

Support for Innovative Investment from the World Bank Group

Getmobil, an end-to-end refurbished electronics device platform, has raised 22 million dollars in its Series A funding round to accelerate the digitalization of the second-hand electronics market in Turkey.

Investment Details

In this funding round, 15 million dollars of the investment was managed by Lowercarbon Capital, a pioneer in green transformation founded by Chris Sacca, along with the International Finance Corporation (IFC), the private sector arm of the World Bank Group, which is known for its climate-focused investments.

The remaining 7 million dollars came from contributions by existing investors. Additionally, 2150 VC and Endeavor Catalyst, both well-known global investors that invest in category-defining digital infrastructures in large and developing markets, also participated in the round. Existing investors such as Dutch Founders Fund (DFF), TechOne/Metis, Maxis, Arya VC, and 212 reaffirmed their confidence in Getmobil's long-term vision.