Foxway

Foxway is a leading circular tech services provider in Europe embedded across the entire IT equipment value chain. Its unique positioning enables Foxway to help its customers source and lease IT equipment as well as refurbish and resell used devices – significantly extending the lifetime of each device. Since its foundation in 2009, Foxway has helped customers in more than 100 countries to reduce their tech footprint and make sustainability an integral part of their business by introducing circularity, which minimises waste, reduces overproduction, and saves our natural resources.

Company Background

• Sweden-based Foxway is a fast-growing company with offices in Estonia, Norway, Denmark, Germany, Spain, and the UK that is led by an entrepreneurial and highly experienced team.
• The B2B-focused service offering includes sourcing and leasing of IT equipment as well as trade-in and refurbishment of devices.
• With sustainability and circularity at its core, Foxway refurbished mobiles with a footprint of 2.27 kg CO2e and laptops at 6.65 kg CO2e in 2023 and is committed to reducing these by 50% by 2025.

Vision & Outlook

• Accelerate growth organically and through M&A, invest into operational excellence and sharpen the ESG focus further to create a truly global leader in circular tech.
• Through its offering and presence, help accelerate the industry-wide transformation towards sustainable and circular IT.
  
  

Highlights & Updates 

• Initiated multiple strategic partnerships, including a collaboration with F9 aimed at revitalising sustainable tech distribution.
• With organic growth exceeding 20% and the addition of UK operations, Foxway doubled its device recovery volume, refurbishing over 2.4 million devices in 2023 for introduction to the second-hand market.
• In 2024, Foxway’s science-based targets were validated by the Science Based Target initiative (SBTi).