What Largo does

Largo is a French specialist in smartphone, tablet, and laptop refurbishment, founded in 2016 and headquartered in Nantes, France. The company operates a fully integrated, 100% Made in France industrial refurbishment process covering the entire value chain from sourcing (via US/European brokers and domestic buy-back initiated in 2019) through reception, 123-point quality control testing, repair, ERP-based traceability, and after-sales service. Production capacity stands at 25,000+ products per month following 2022 process automation — described as a first among French smartphone refurbishers — and cumulative refurbished smartphones crossed 500,000 units in November 2024. The company is listed on Euronext Growth Paris (ticker ALARG) since April 2021 and employs 87-90+ people.

Largo sells refurbished devices at a 30-50% discount versus new through an omnichannel distribution stack: physical retail with French grocery and specialized chains (Cora, Leclerc, Super U, Bureau Vallée, Coriolis) historically generating over 62% of sales; marketplaces (Back Market, Fnac.com, Cdiscount) under white-label arrangements; direct-to-consumer e-commerce via largo.fr launched September 2021; telecom operator partnerships (Bouygues Telecom December 2024, Orange Poland October 2024, Digicel 2021); and a B2B enterprise offering, Largo Business, which reached 1M EUR of revenue within its first year and supplies corporate fleets for Doctolib, Système U and others in support of their CSR commitments.

The business model is hardware resale with a 30-50% price advantage versus new, supported by a 72-hour after-sales service commitment (60% of operations completed same-day) and multiple certifications including the Lucie (RSE) and RecQ (refurbishment quality) labels. Revenue grew from 21.0M EUR in 2022 and 21.2M EUR in 2023 to 34.8M EUR in 2024 (+64% YoY), with H1 2026 revenue of 14.5M EUR described as record activity. International expansion is currently anchored on telecom operator partnerships in Poland and the Caribbean, while financing activity (8M EUR raised across 2024-2026 from Eiffel Investment Group and other institutional investors) underwrites continued scaling.

Name

Largo

Legal name

Largo

Website

https://largo-finance.com

Company type

Public

Founded year

2016

Operating status

Operating

Headcount range

101–250 employees

Short description

Largo is a French specialist in smartphone, tablet, and laptop refurbishment operating a 100% Made in France automated industrial process. It sells refurbished devices at a 30-50% discount versus new through omnichannel distribution spanning retail, marketplaces, telecom operators, and B2B enterprise (Largo Business).

Ownership category

akta.pro rank

Product category

Refurbished Consumer Electronics

NAICS

Electronics and Appliance Retailers (44921)

SIC

Services-Miscellaneous Repair Services (7600)

akta.pro primary industry

Certified Refurbished Electronics Retail (CRACAJAD)

akta.pro secondary industries

Electronics Refurbishment, Repair & Reuse (Remarketing/Resale) (BPALAIAD), Refurbished, Used & Recommerce Smartphones (CRACALAG)

Keywords

• Smartphone refurbishment services
• Refurbished consumer electronics
• Circular economy manufacturing
• IT asset refurbishment
• Mobile device resale

Headquarters

HQ city

Nantes

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Refurbished Smart Device Sales: Sale of refurbished smartphones, tablets, and laptops through physical retail, marketplaces, e-commerce, telecom operators, and B2B channels. Primary revenue stream representing the bulk of 34.8M EUR revenue in 2024.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

Largo is a French specialist that refurbishes smartphones, tablets, and laptops through a fully integrated 100% Made in France industrial process, performing 123 quality control tests per device. Refurbished devices are sold at 30-50% discounts versus new units through omnichannel distribution including physical retail (Cora, Leclerc, Super U), online marketplaces (Back Market, Fnac.com, Cdiscount), telecom operators (Bouygues Telecom, Orange Poland, Digicel), a direct e-commerce site (Largo.fr), and a dedicated B2B division (Largo Business).

Product overview

Largo operates as a specialist in smartphone, tablet, and laptop refurbishment with a fully integrated 100% France-based industrial process. The company offers refurbished consumer electronics through multiple channels: direct consumer sales via Largo.fr e-commerce platform, white-label distribution to major marketplaces (Back Market, Fnac.com, Cdiscount), physical retail partnerships (Cora, Leclerc, Super U, Bureau Vallée, Coriolis), and B2B enterprise sales through Largo Business targeting telecom operators and companies' CSR initiatives. The core offering centers on quality-certified refurbished devices supported by an innovative after-sales service platform.

Differentiator

Problem solved

Functional benefit

Brands

• Largo Business: B2B offer targeting companies' CSR policies with refurbished high-tech products

Products and services

• Refurbished Smartphones Professionally refurbished smartphones processed through Largo's automated industrial facility in Nantes, France, with 123 quality control tests per device and a 72-hour after-sales service commitment. Sold to consumers and businesses across multiple channels at 30-50% discount versus new devices.
• Refurbished Tablets Refurbished tablet devices reconditioned at Largo's 100% France-based industrial facility, integrated into the company's circular economy model and distributed through the same channels as smartphones.
• Refurbished Laptops Refurbished laptop computers processed through Largo's automated industrial facility in Nantes, France, maintaining full internalization of the value chain from sourcing to distribution.
• Largo Business B2B division providing refurbished smartphones, tablets, and laptops for corporate device fleets and CSR/RSE policies. Targets enterprises and telecom operators (Bouygues Telecom, Orange Poland, Digicel, Doctolib, Système U) with tailored fleet procurement and white-label arrangements.
• Largo.fr E-commerce Direct-to-consumer online sales platform selling refurbished Largo smartphones, tablets, and laptops directly to end customers, complementing marketplace and physical retail distribution.
• White-Label Refurbished Device Distribution

Quantifiable outcome

• 34.8M EUR revenue in 2024, +64% year-over-year growth
• +4 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eleven partnerships are on record, tiered core, major and minor.

• Bouygues TelecomcoreChannel Partner/ Reseller/ Distributor · 12 December 2024Strategic partnership announced December 2024 for distribution of Largo's refurbished smartphones through Bouygues Telecom retail network.
• Orange PolandcoreChannel Partner/ Reseller/ Distributor · 10 October 2024International distribution contract signed October 2024 marking Largo's acceleration into international markets through Orange Poland.
• Système UmajorChannel Partner/ Reseller/ Distributor · 15 December 2022Largo Business partnership equipping Système U employees with refurbished devices, reinforcing corporate RSE policies.
• Sea ShepherdminorOthers · 27 September 2022Double associative partnership as part of RSE strategy, alongside Toit à Moi.
• Toit à MoiminorOthers · 27 September 2022Double associative partnership as part of RSE strategy, alongside Sea Shepherd.
• DoctolibmajorChannel Partner/ Reseller/ Distributor · 20 June 2022Partnership supplying Doctolib with refurbished high-tech products for their corporate device needs.
• ConforamamajorChannel Partner/ Reseller/ Distributor · 24 May 2022Distribution contract signed for sale of refurbished smartphones through Conforama retail locations.
• UBALDI.comminorChannel Partner/ Reseller/ Distributor · 5 October 2021Commercialization contract for distribution of refurbished smartphones through UBALDI.com.
• Welcom'majorChannel Partner/ Reseller/ Distributor · 14 September 2021Strategic marketing agreement with Welcom', the multi-operator mobile brand, for distribution of refurbished smartphones.
• Bluetooth (Portugal)minorChannel Partner/ Reseller/ Distributor · 12 July 2021First international partnership with Portuguese wholesaler Bluetooth for refurbished device distribution.
• DigicelcoreChannel Partner/ Reseller/ Distributor · 10 June 2021Sales contract signed with Digicel, one of the Caribbean's leading telecom operators, representing Largo's first international partnership.

Scale indicators7 records

Recent moves7 records

Expansion highlights7 records

Broad incumbents

• Back Market: Global marketplace for refurbished electronics that both distributes Largo's white-label inventory and competes with its direct e-commerce. The dominant brand in the European refurbished category with materially greater capital and marketing scale.
• Rebuy: German recommerce platform for refurbished electronics including smartphones, tablets, and laptops. Comparable vertically integrated buy-back-to-resale model with stronger scale and DACH market depth.
• Samsung Certified Re-Newed: Samsung's official refurbished Galaxy program. Comparable category offering with strong OEM warranty backing, providing competitive pressure on Largo's Android smartphone refurbishment volumes.
• Fnac Darty: Major French electronics retailer that distributes Largo's inventory via Fnac.com and Darty while also selling its own refurbished and second-life device offerings. Acts both as a customer and a competing refurbished channel.
• Apple Certified Refurbished: Apple's own certified refurbished store for iPhones, iPads, and MacBooks. Sets a benchmark for refurbished quality/pricing and represents an OEM-backed alternative that can compress Largo's premium-device pricing power.

Direct peers

• Swappie: European refurbished iPhone specialist with proprietary refurbishment facilities and strong direct-to-consumer brand. Comparable in business model (refurb + resale) and pan-European footprint, though concentrated on Apple devices.
• Certideal: French online refurbisher of premium smartphones with buy-back and resale operations. Competes directly with Largo for online B2C refurbished smartphone demand in France.
• Recommerce: French specialist in refurbishment and buy-back of smartphones, tablets, and laptops. Operates a similar circular-economy value chain with both B2C and B2B propositions, making it the closest head-to-head competitor to Largo in France.

Emerging players

• YesYes: European refurbished smartphone and consumer electronics reseller with circular-economy positioning. Overlaps with Largo on product category and ESG-driven brand narrative.

Regional players

• Asgoodasnew: European (Germany-headquartered) refurbished electronics retailer offering smartphones, tablets, laptops, and cameras. Comparable vertically integrated model with regional concentration in German-speaking markets.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Largo