Nairobi, Kenya — Kenyan startup Revivo, a B2B marketplace for consumer electronic spare parts, has announced a US$635,000 pre-seed funding round to help it scale. The round was led by Raba Partnership, with participation from Village Global, Musha Ventures, Satgana, and strategic business angels.
Founded in 2022 by Sarah Johnson, Revivo is an online marketplace for quality electronic spare parts, accessories, and repair tools. The company aims to increase access to quality and affordable electronics repairs in emerging markets by addressing the needs of small businesses doing the vast majority of repairs.
Through its platform, Revivo makes it easy for repair shops to find the products and resources they need. The company offers transparent pricing, access to new product sources, guaranteed quality, learning materials, and embedded financing for their customers.
So far, Revivo has sold over 45,000 products to thousands of customers. The company is also establishing partnerships with key original equipment manufacturers (OEMs) and e-waste recyclers.
“Products like a smartphone or a solar home system can change lives. However, the reality is that these products remain unaffordable for many people and have damaging environmental impacts,” said Johnson. “By building a strong repair economy, we can make the use of these devices more affordable while reducing their negative impact. I believe this is a huge opportunity, and the marketplace is just the beginning.”
Anil Maguru, partner at Satgana, said he was delighted to support Revivo in “pioneering the repair economy in Africa while empowering small shop owners.”
“From the beginning of our interaction with her, we knew that she was the kind of founder who was able to make a real difference in the green growth of the continent,” said Maguru. “Enabling electronics repairs is critical to extending devices lifespan, hence reducing carbon emissions and electronic waste, so as to foster green growth across the continent. We are looking forward to working alongside our fabulous co-investors to contribute to making Revivo a category-defining and mission-driven company.”
With the new funding, Revivo plans to scale its operations and expand its reach across Africa. The company also plans to develop new features and tools to help repair shops improve their operations.
“We are excited to use this funding to accelerate our mission of making electronics repairs more accessible and affordable in Africa,” said Johnson. “We believe that the repair economy is the future of electronics, and we are committed to building a platform that helps repair shops thrive.”
Revivo is an online marketplace for quality electronic spare parts, accessories, and repair tools. The company was founded in 2022 by Sarah Johnson with the mission of increasing access to quality and affordable electronics repairs in emerging markets. Revivo is headquartered in Nairobi, Kenya.
About Raba Partnership
Raba Partnership is a venture capital firm that invests in early-stage companies in Africa. The firm was founded in 2017 by Rabah Kheddar and has offices in London and Nairobi.
About Village Global
Village Global is a venture capital firm that invests in early-stage companies around the world. The firm was founded in 2015 by Matt Cohler and has offices in San Francisco, New York, and London.
About Musha Ventures
Musha Ventures is a venture capital firm that invests in early-stage companies in Africa. The firm was founded in 2018 by Michael Lavelle and has offices in Nairobi and London.
Satgana is a venture capital firm that invests in early-stage companies that are addressing environmental and social challenges. The firm was founded in 2017 by Anil Maguru and has offices in Nairobi and London.