Wholesale electronics marketplace Eze secures seed funding

Eze, a wholesale marketplace for used and new electronics, has secured $3.7 million in seed funding to develop its technology infrastructure, broaden its product offering and expand into new markets in Africa, Europe and South America. The funding round was led by Right Side Capital Management, with participation from C2 Ventures, Boro Capital, EVPI Investments and other angel investors.

The global market for consumer electronics is projected to grow to reach $1.70 trillion by 2028, driven by rising disposable incomes of consumers, the growing tendency towards digitisation and the increasing utility of personal electronic devices such as smartphones, wearables and other devices. However, the process of buying and selling these devices in wholesale quantities still remains heavily manual, especially in emerging markets.

Headquartered in Los Angeles, California, Eze (pronounced – “easy”) connects thousands of buyers across the world to used and new smartphones, laptops, tablets and other electronics.

According to Josh Nzewi, CEO and co-founder of Eze, ”Our mission is to power unfettered access to consumer electronics across the world, enabling users to maximise their potential with the experiences provided by these devices. We are thrilled to have the support of our investors, and we look forward to using this funding to enhance our platform and provide even more value to our customers. Our goal remains to become the go-to destination for B2B buyers and sellers in the electronics industry, especially in emerging markets, and this investment will help us achieve that goal.”