Estonian tech company Ringy has proudly claimed 33rd place on the Sifted 250, Europe’s authoritative ranking of the fastest-growing start-ups. This recognition underscores Ringy’s innovative focus on the trade-in and reuse of electronic devices, which has driven an impressive 332.3% growth in revenue. The company reported revenue of € 3.7 million, reflecting its commitment to sustainability and operational excellence. Germany’s Everphone is positioned at 175th on the list, with a last reported revenue of € 85.1 million and a growth rate of 113.8%. Both companies illustrate the diverse scale of businesses featured in the Sifted 250 and highlight the strong potential for growth within Europe’s tech ecosystem.
New partnerships
Ringy’s collaboration with network Tele2 and Greek tech company Pandas showcases its ecosystem-driven approach. Together, they are revolutionizing device trade-ins across Europe, including a pilot program in Estonia. This initiative leverages automated grading systems and transparent pricing to enhance customer experience and increase device reuse rates.
Rapid growth in a competitive market
Ranked 33rd on the Sifted 250, Ringy’s growth reflects the surging demand for sustainable tech solutions. The ranking, which measures three years of compound annual revenue growth, celebrates startups with transformative potential. Ringy’s rise demonstrates its ability to scale quickly while making a measurable impact on environmental sustainability.
Sited 250: climate tech and fintech dominate
While fintech and climate tech dominate the Sifted 250, Ringy’s standout performance underscores the growing importance of circular economy solutions. As one of the few start-ups specializing in device trade-ins, it fills a crucial niche in sustainable tech, proving that innovation in overlooked sectors can drive exponential growth.
Sifted 250’s data reveals that only half of the ranked startups are based in Europe’s “big three” countries—UK, Germany, and France. Ringy’s emergence from Estonia highlights the rise of innovation hubs across smaller markets, further cementing its role as a key player in Europe’s tech ecosystem.
Market
Trade-in
Repair
