Turkey-based technology platform Getmobil, operating in the refurbished and second-hand electronics market, has raised $22 million in a Series A funding round.
The $15 million lead portion of the round was co-led by the International Finance Corporation (IFC) — the private sector arm of the World Bank Group — and climate-focused investment firm Lowercarbon Capital.
The remaining $7 million came from existing investors.
Additional participants in the round include 2150 VC and Endeavor Catalyst, while returning investors Dutch Founders Fund, TechOne / Metis, Maxis, Arya VC, and 212 also took part once again.
This investment stands out as one of IFC’s rare direct entries into Turkey’s refurbished electronics ecosystem, signaling strong institutional confidence in the sector.
What Does Getmobil Do?
Founded by Mehmet Uygun and Zeynep Uygun, Getmobil is a full-stack technology platform designed for the refurbished and second-hand electronics market. The platform brings together:
- buying & selling
- refurbishment processes
- pricing algorithms
- inventory management
- regulatory and compliance workflows
under a single digital infrastructure.
Getmobil’s core mission is to transform Turkey’s largely informal, fragmented, and manual second-hand electronics market into a system that is:
transparent, traceable, standardized, and regulation-compliant.
The Key Investment Driver: Regulation
One of the most critical enablers of this investment was Turkey’s regulatory framework introduced by the Ministry of Trade, namely:
The Regulation on the Sale of Refurbished Products
This regulation clarified:
- warranty requirements
- certification standards
- registration and audit mechanisms
making the refurbished electronics market investable, scalable, and auditable for institutional capital.
For investors like IFC, which place heavy emphasis on governance and compliance, this regulatory foundation was a decisive factor.
Managing an $8 Billion Market Through a Single Platform
Turkey’s second-hand electronics market is estimated to be worth approximately $8 billion. Until recently, the market has been dominated by:
- manual pricing
- inventory opacity
- non-standard refurbishment practices
Getmobil aims to centralize the entire value chain through its digital operating system, currently serving more than 32,000 mobile phone dealers, enabling:
- procurement
- sales
- pricing
- inventory tracking
- legal compliance
from one platform.
According to company data, dealers using Getmobil’s infrastructure have achieved:
- ~60% increase in revenues
- ~50% improvement in inventory turnover
Active Partnerships with Major Brands
Getmobil’s technology is already integrated into trade-in and refurbished device programs of major brands, including:
- Apple
- Samsung
- Hepsiburada
- Sahibinden
- Troy
- Vatan
This allows consumers to sell devices through certified, warranty-backed, and regulated channels.
Next Focus: Nationwide Doorstep Buyback Model
Following the investment, Getmobil plans to expand its doorstep buyback model across Turkey.
With this model:
- consumers can sell devices without leaving their homes
- pricing and payments are handled fully digitally
- the second-hand device lifecycle becomes faster and more sustainable
From an investor perspective, this approach is particularly attractive due to its impact on:
- circular economy adoption
- carbon footprint reduction
- resource efficiency
Frequently Asked Questions (FAQ)
How much funding did Getmobil raise?
Getmobil raised $22 million in its Series A round.
Who led the investment round?
The $15 million lead portion was co-led by IFC (World Bank Group) and Lowercarbon Capital.
What industry does Getmobil operate in?
Getmobil provides end-to-end digital infrastructure for the refurbished and second-hand electronics market.
What is Getmobil’s business model?
A technology platform connecting dealers, brands, and consumers by managing pricing, refurbishment, sales, and regulatory compliance in one system.
Which brands work with Getmobil?
Apple, Samsung, Hepsiburada, Sahibinden, Troy, and Vatan.
What is the doorstep buyback model?
A model where users sell devices from home, with digital pricing, evaluation, and payment processes.
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