eBay seller Luzern gets €2.5m investment

No primary category set

There’s money to be made in returned consumer electronics – Luzern, an eBay and Amazon seller based in Ireland has just received a €2.5 million investment from an Irish technology venture capital firm.

The investment from Delta Partners will be used to accelerate growth of Luzern’s international operations. They already have a presence in the UK, Spain, Germany and Netherlands as well as their base in Ireland.

Managing the disposal of returned products from companies such as Archos, Brother, Creative, Palm, Philips, Sanyo they have recently signed their first deal in the US. Luzern use their own proprietary web based application “Channel Optimiser” to manage the flow of products onto site such as Amazon, eBay, PriceMinister and their own website www.luzerntech.com.

Channel Optimiser (.pdf doc) gives Luzern the ability to switch products into different marketplaces or country sites in order to achieve the best return as well as managing the entire sales process from inventory management to shipping.

It’s always good to hear of success stories and it’s great to hear a company like Luzern is prospering. We wish them good luck for the future and look forward to hearing more from them in the future.

6 Responses

  1. Weren’t a lot of these “returned items” sellers kicked off eBay a long time ago? I used to regularly buy from several of them but they all went NARU or formed their own auction sites.

  2. just shows how inflated the value of electricals are,
    when a host of other companies
    can be allowed to profit so much out of rejects and returns

  3. great feedback too!

    They mailed ‘sorry it didn’t work’. item then arrived and didn’t work. Dodgy!!!

  4. I met one of the Directors last year at an ebay event in Ireland and he was great craic and full of some great advice too,

    All the best to them!

RELATED POSTS..

Wahaaj Shabbir - From sneakerhead to Head of Sneakers at eBay UK

Wahaaj Shabbir – From sneakerhead to Head of Sneakers at eBay UK

Royal Mail hits first milestone in rollout of renewable fuel

Royal Mail hits first milestone in rollout of renewable fuel

When and how much should we reorder of what for the best cash flow?

When and how much should we reorder of what for the best cash flow?

Poshmark adds retail media Promoted Closet

Poshmark adds retail media Promoted Closet

Manhattan Active Maven pioneers use of GenAI in supply chain commerce  

Manhattan Active Maven pioneers use of GenAI in supply chain commerce  

ChannelX Guide...

Featured in this article from the ChannelX Guide – companies that can help you grow and manage your business.

Latest

Take a look through a selection of the latest articles on ChannelX

Register for Newsletter

Receive 5 newsletters per week

Gain access to all research

Be notified of upcoming events and webinars