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Refurbed Secures £44 Million Investment Following Workforce Restructuring

Austrian startup Refurbed has reportedly secured £44 million in new funding just eight months after reducing its workforce by 20%. The company, which operates a marketplace for refurbished electronics, plans to use the capital to expand into the UK market following recent profitability achievements.

Funding Round Details

Austrian startup Refurbed has reportedly raised £44 million in a recent funding round, according to sources familiar with the matter. The investment comes approximately eight months after the company implemented significant workforce reductions, cutting 20% of its staff earlier this year.