French refurbished smartphone seller Back Market valued at $5.7 billion

FILE PHOTO: Billboards advertising Back Market, a market place for refurbished tech gadgets are seen in New York City, NY, U.S., October 2, 2020. Back Market/Handout via REUTERS

PARIS (Reuters) - Back Market, the French marketplace dedicated to refurbished smartphones and electronic devices, said on Tuesday it had closed an investment round of $510 million, bringing its total valuation to $5.7 billion.

"The (...) funding cements Back Market's position as a leading refurbished electronics marketplace, with more than six million customers worldwide," the company said in a statement.