Refurbi, a Colombian startup, has raised US$4M to expand its refurbished smartphone marketplace across Latin America. Credit: The Tech Cheat (CC BY-SA 4.0). Refurbi, a startup founded in Colombia to promote reuse and recycling of electronic devices, has closed a US$4 million seed‑extension round, combining equity and debt to consolidate operations and expand across Latin America. This trajectory, validated first in Colombia, is what investors now seek to replicate in other Latin American markets.​Business model: An integrated refurbished‑device ecosystemRefurbi operates as an integrated ecosystem rather than a simple e‑commerce site. Investors remain optimistic, but they also point out that scale will require maintaining quality standards and trust metrics while managing credit, logistics and after‑sales risks across borders.​For Colombia, Refurbi’s new phase shows that local startups can build profitable circular‑economy businesses and then export them regionally.