Swappie is a Finland-based private company that refurbishes and resells iPhones and iPads online. It serves consumers across Europe and positions refurbished devices as a lower-cost alternative to buying new.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Swappie shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
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Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
| Date | Round | PPS (split-adj.) | Valuation |
|---|---|---|---|
| Sep 2024 | Incubator/Accelerator | ||
| 2024 | Series C | $496M-$744M | |
| 2024 | Debt Financing | ||
| 2021 | Series B | ||
| 2019 | Series A |
Swappie raised $124 million in a Series C round led by Verdane, bringing total funding to more than $171 million. The company said the capital would support expansion of its business in refurbished smartphones and the circular economy of phones.
Swappie is described as a leading online marketplace for refurbished smartphones and a Finnish leader in the sale of refurbished iPhones. Dealroom says it specializes in refurbishing and selling pre-owned smartphones to cost-conscious buyers.
Swappie said it wants to promote the circular economy of smartphones, indicating a market tied to sustainability and device reuse. Its refurbishment model serves consumers seeking high-quality phones at a fraction of original prices.
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No. As of March 2026, Swappie is a private company and does not trade on any public stock exchange. Accredited investors can access Swappie shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Swappie does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Swappie shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered alternative investments since 2019.
Pre-IPO investments carry significant risks. Swappie shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Swappie generated €249M in 2024 revenue by refurbishing and reselling iPhones and iPads online across Europe, and raised a $124M Series C to expand refurbished iPhone sales. Accredited investors can access Swappie stock through UpMarket.