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Largo: refurbished smartphones are popular

2021-03-26T17:43:34.728Z


The Nantes-based company is riding the wave of second-hand mobiles to go public. In four years of existence, Largo has not been talked about much. This Nantes start-up, specializing in the reconditioning of electronic devices, has nevertheless taken an important step. It has just started its IPO process. " We want to be the first in our sector to pass this milestone, " explains Christophe Brunot, co-founder of Largo, who does not, however, communicate either on the targeted va


In four years of existence, Largo has not been talked about much.

This Nantes start-up, specializing in the reconditioning of electronic devices, has nevertheless taken an important step.

It has just started its IPO process.

"

We want to be the first in our sector to pass this milestone,

" explains Christophe Brunot, co-founder of Largo, who does not, however, communicate either on the targeted valuation, or on the amount of fundraising that will take place on this occasion.

So far, the start-up has twice appealed to private equity for a total of 3 million euros.

Read also: The puzzle of refurbished smartphones

Created in 2016 by two quadras each with twenty years of experience in mobile telephony, Largo now employs 38 people in the Nantes region.

It displays an annual growth rate of around 20% to reach 10.3 million in turnover in 2020. And this, despite activity slowed down at the beginning of last year by the pandemic.

In 2020, she

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Source: lefigaro

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