Orchard Labs operates a service that simplifies selling iPhones for owners. Founded in late 2012 by Alex Sebastian, Bruno Wong, and Hamza Javed, the company runs a resale service focused on used iPhones. To date Orchard has sold $350,000 worth of iPhones in Canada. The company received $500,000 in funding from the Maple Leaf Angel membership and a number of independent angel investors through the MLA48 Angel Investment Fund. MLA48 is described as Canada’s first angel fund committed to 48-hour turnaround and offering mentorship and member networks. Orchard aims to expand into the large U.S. secondhand smartphone market, which the article estimates at $14 billion annually.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2015