There’s money to be made in returned consumer electronics – Luzern, an eBay and Amazon seller based in Ireland has just received a â‚¬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.