Inveready leads a €6M round in Tecfys, the circular economy startup for electronics and appliances by subscription

The Spanish startup Tecfys, a pioneer in offering an innovative circular consumption model DaaS (Device as a Service) through monthly subscription for all types of electronic devices and appliances, has closed a €6 million funding round in venture debt mode. Participating in this round are the Spanish venture capital firms Inveready (from the Trainera fund, in partnership with Banco Santander) and Zubi Capital (a social/environmental impact manager with the well-known successful entrepreneur Iker Marcaide). The total amount will be used to purchase technological assets to grow the business and finish 2024 with more than €5 million in technological assets on subscription.