Reconome bags £3.3 million investment from IW Capital as it aims to revolutionise how we think about technology's lifecycle

Reconome, which repurposes surplus technology with a focus on underserved communities, has secured a £3.3 million investment from IW Capital.

In a LinkedIn post, Lou Nylander, Head of Marketing at Reconome, said: "As a B Corp dedicated to creating positive change, this investment will supercharge our mission to revolutionise how we think about technology's lifecycle. We're not just managing surplus electronic devices - we're building a future where digital equity and sustainability go hand in hand."

"What gets me particularly excited about this milestone: we're extending the life of electronic equipment, preventing valuable tech from reaching landfills; our profits directly support digital inclusion, providing refurbished devices to schools and charities; we're proving that purpose and profit can coexist beautifully in the tech space."

She added: "Huge thanks to our incredible CEO Nick Hajime Rawkins and IW Capital Investment Director Alex Valente Petri for their vision and dedication in making this happen. And, of course, Nisa Kuday, your marketing magic support has been invaluable, and I can't wait to work with you more. This is more than an investment - it's a vote of confidence in our belief that business can be a force for good. Watch this space - we're just getting started!"

2024 RTIH INNOVATION AWARDS

Green retail was a key focus area at the sixth edition of the RTIH Innovation Awards.

The awards, sponsored by Vista Technology Support, Scala, CADS, 3D Cloud, Brightpearl by Sage’s Lightning 50, Business France, and Retail Technology Show 2025, celebrate global tech innovation in a fast moving omnichannel world.

Our 2024 hall of fame entrants were revealed during an event which took place at RIBA’s 66 Portland Place HQ in Central London on 21st November, and consisted of a drinks reception, three course meal, and awards ceremony presided over by comedian Lucy Porter.

In his welcome speech, Scott Thompson, Founder and Editor, RTIH, said: “The event is now into its sixth year and what a journey it has been. The awards started life as an online only affair during the Covid outbreak, before launching as a small scale in real life event and growing year on year to the point where we’re now selling out this fine, historic venue.”

He added: “Congratulations to all of our finalists. Many submissions did not make it through to the final stage, and getting to this point is no mean feat. Checkout-free stores, automated supply chains, immersive experiences, on-demand delivery, next generation loyalty offerings, inclusive retail, green technology. We’ve got all the cool stuff covered this evening.”

“But just importantly we’ve got lots of great examples of companies taking innovative tech and making it usable in everyday operations - resulting in more efficiency and profitability in all areas.”

Congratulations to our 2024 winners, and a big thank you to our sponsors, judging panel, the legend that is Lucy Porter, and all those who attended last month’s gathering.