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§ Private Profile · London, United Kingdom
Raylo is a smartphone subscription service promoting sustainability and circular economy.
Raylo operates a smartphone leasing and subscription platform designed to offer consumers a flexible and more sustainable way to access mobile devices. The company facilitates a circular economy model for electronics, providing a mechanism for device reuse and refurbishment. Its platform simplifies the process of obtaining current technology through accessible subscription services, aiming for convenience and environmental responsibility.
Raylo was founded in 2018 by Jinden Badesha, Karl Gilbert, and Richard Fulton. The founders identified a significant market need for an alternative to traditional device ownership, driven by an insight into the inefficiencies and environmental impact of linear consumption models for electronics. Their vision centered on creating a fundamentally better method for customers to acquire and manage their essential digital tools.
The platform serves individual consumers looking for convenient and responsible device access, as well as partnering with leading electronics brands to embed circularity into their offerings. Raylo's long-term vision is to accelerate the transition to a global circular economy by making technology more accessible, affordable, and environmentally sound for everyone.
Raylo has raised $387.4M across 9 funding rounds.
Raylo has raised $387.4M in total across 9 funding rounds.
Raylo has raised $387.4M in total across 9 funding rounds.
Raylo's investors include Citi, NatWest, Quilam Capital, Hannah Redgewell, Macquarie, Milena Sheahan, Entrepreneur First, Octopus Ventures, Rokk3r Labs, Errol Damelin, Bruno Moraes, Addition.
Raylo has raised $387.4M across 9 funding rounds. Most recently, it raised $41.1M Debt / Other Equity in January 2026.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 27, 2026 | $41.1M Debt Financing | Citi | — | Announced |
| Sep 16, 2024 | $167.8M Debt Financing | — | NatWest, Quilam Capital | Announced |
| Sep 12, 2023 | $6.5M Venture Round | Hannah Redgewell, Macquarie | — | Announced |
| Feb 4, 2023 | $133.1M Debt Financing | Milena Sheahan, Quilam Capital | — | Announced |
| Jul 1, 2022 | $8M Series A | — | Entrepreneur First, Octopus Ventures, Rokk3r Labs, Errol Damelin, Macquarie, Bruno Moraes | Announced |
| Jul 1, 2021 | $12M Series A | — | Addition, Banyan Ventures, Entrepreneur First, Octopus Ventures, Rokk3r Labs, Soma Capital, Wayra UK, Errol Damelin, Philip Green | Announced |
| Oct 26, 2020 | $13M Debt Financing | Avellinia Capital | — | Announced |
| Dec 5, 2019 | $3.8M Seed | Macquarie | GUY Johnson | Announced |
| Jun 1, 2019 | $2M Seed | — | Antler, Mandeep Singh, Simon Rogerson, Will Brooks, Will Martin, James Meekings, Samir Desai, Techstart Ventures | Announced |
Raylo is a UK-based technology company founded in 2019 that offers a subscription leasing service for consumer electronics like iPhones, Samsung Galaxy phones, MacBooks, and gaming consoles such as Xbox and Nintendo Switch[1][2][3][4]. It serves individual consumers and businesses seeking affordable, flexible access to new tech without upfront purchases or long-term contracts, solving problems like high device costs, electronic waste, and inflexible mobile operator plans by promoting a circular economy through device reuse and refurbishment[1][3][4]. With $181.09M raised across funding rounds up to Debt - III and a team of about 100, Raylo has gained traction via 4.5-star Trustpilot ratings from 18,000+ reviews, thousands of monthly joiners, partnerships with global electronics brands, and media praise for sustainability[1][3].
Raylo was founded in 2019 in London, UK, by a team of product and developer experts aiming to disrupt traditional mobile operators[1][2][3]. Headquartered at 5 New Street Square, the company emerged from the need to make premium tech accessible amid rising device prices and growing environmental concerns over e-waste, building proprietary subscription infrastructure to enable leasing and reuse[1][3][4]. Early traction came from consumer adoption of its flexible model—cheaper than competitors like O2—culminating in rapid scaling, green financing frameworks, and backing from investors, with the team growing to 100 employees focused on circular economy impact[1][3].
Raylo rides the circular economy trend in consumer electronics, where e-waste from millions of discarded devices annually meets rising demand for sustainable, affordable tech amid inflation and right-to-repair movements[1][3][4]. Timing aligns with post-2019 smartphone upgrades cycles and green financing growth, positioning it favorably against linear models from carriers; its reuse model reduces landfill contributions while enabling access to premium devices like iPhone 17[1][4]. By influencing ecosystems through brand partnerships and consumer shifts, Raylo pressures incumbents to adopt leasing, boosts refurbished markets, and exemplifies tech's environmental pivot[1][3].
Raylo's momentum—fueled by funding, user growth, and sustainability credentials—positions it for expansion into more devices, international markets, and B2B leasing as circular tech norms solidify[1][3]. Trends like EU e-waste regulations, AI-driven refurbishment, and subscription fatigue aversion will shape its path, potentially elevating influence via acquisitions or IPO if Mosaic Score gains hold[1]. As a 2019 disruptor shaking mobile operators, Raylo exemplifies how leasing unlocks tech for all while greening the planet—watch for deeper ecosystem integration next.