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Swappie

European marketplace for buying and selling refurbished iPhones.
Ecommerce 📍 Helsinki, Finland Founded 2016
Current Valuation
Private
as of 2022-Q1
PRIVATE

IPO Outlookprivate

Is Swappie going public?
No. Swappie is private and has not filed to go public. There is no S-1 on file.
What is Swappie's valuation in 2026?
No confirmed valuation is on record for Swappie. The roster shows funding and investors where they are public; it does not estimate a mark.
Has Swappie filed an S-1?
No public S-1 is on file for Swappie.
Who are Swappie's investors?
Swappie's investors include Verdane, TESI, Reaktor Ventures, Inventure.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Swappie buys, refurbishes, and resells iPhones through its Helsinki refurbishment facility and ships across 18 European countries. The company posted €249M in 2024 revenue (about $270M) with roughly 22% YoY growth, and remains backed by its 2022 Series C led by Verdane — its last priced round, with no public valuation update since.

Company Profile

CEO
Jussi Lystimäki
Founded
2016
HQ
Helsinki, Finland
Employees
~1,000
Total Raised
$174M
Est. Revenue
$270M (2024-Q4)
Growth
~22% YoY
Last Round
Series C — $124M (Jan 2022) · Lead: Verdane
IPO Status
private

Fundraising Status

Series C · $124M · 4y 7mo ago
privateTotal raised $174M

Latest Funding Round

RoundAmountDateLead InvestorPost-Money
Series C$124MJan 2022Verdane

Talent Signal

No public careers page or job board could be found for Swappie as of 2026-08-17. That itself is a datapoint: no open external hiring surface.
Checked the company site and major hosted job boards. Re-checked monthly.

Founders & Key People

Sami MarttinenJiri Heinonen

Investors

Verdane · TESI · Reaktor Ventures · Inventure

Products

  • Refurbished iPhone Marketplace
  • Trade-in Program
  • Battery Replacement Service

Competitors

Back Market · Refurbed · Reebelo
ecommercecircular-economyrefurbishedmarketplaceeurope
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2022-Q1. Refreshed quarterly.