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Founded in 2015, Trueblue ecommerce ltd is a fast-growing and profitable business based in Ireland that operates a phone e-commerce website Gettech.com. The company refurbishes second-hand phones and sells them online to consumers via Gettech.com, a brand owned fully by the company, that has generated significant profits over the last three years with a profit before tax from 2019 to the end of 2021 of around 337.359€ (in aggregate).
This is Trueblue eCommerce Ltd second campaign GoParity to further expand and grow its operations in Europe, after raising 100.000€ in Refurbished Smartphones I. Another two campaigns were previously promoted by its parent company and shareholder Binomia Ltd (Circular Smartphones and Circular Smartphones II). Binomia ltd has previously raised over £5 million of equity funding from several venture capital funds including Downing Ventures, along with a number of family offices and angel investors.
Trueblue's goal is to now raise an additional 150.000€.
The promoter is making smartphones more affordable in an environmentally sustainable way by refurbishing used devices. Customers can save up to 60% if they buy a refurbished device, in comparison with a new device.
The funds raised will be used to:
Operating primarily in Ireland, the company sells its higher-end devices mostly in Ireland and Europe but has also been selling lower-cost devices into West Africa. In some African countries, access to an internet-enabled phone is restricted due to the cost of purchase, so Gettech’s solution for Africa has the potential to help reduce a digital gap, by allowing access to a smartphone for the first time. Gettech has also launched a buyback service in 2022 at sell.gettech.com to buyback devices from its customers.
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