Raylo

London, United Kingdom · Founded 2018 · Privately Held (backing)

Operator of a smartphone leasing platform intended to offer a circular leasing model for smartphones. Raylo is based in London, United Kingdom and was founded in 2018. Its last reported valuation was $49.6 million in Jul 2021. It has raised $340 million.

Last reported valuation
$49.6M
Oct 2026
Priced at
—
Total raised
$339.9M
Last round
—

Raylo key facts

as of Oct 2026
  • Operator of a smartphone leasing platform intended to offer a circular leasing model for smartphones.
  • Raylo is valued at approximately $49.6M as of Oct 2026 (last reported valuation).
  • It has raised $339.9M; the latest was Later Stage VC ($40.4M) in Jan 2026.
  • Notable investors include Tech Nation Group, Octopus Ventures, Techstart Ventures, Maiora Ventures, Macquarie Group — 17 tracked in total.
  • Status: Privately Held (backing).
Last reported valuation
LOW confidence
$49.6M

Raylo's last reported valuation, Jul 2021. Nothing priced has surfaced since.

set by last reported valuationas of Oct 2026question about this number?
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Raylo funding rounds

No rounds on record

No funding rounds for Raylo are on record yet — either the company hasn't raised institutional capital, or the raise hasn't surfaced in our sources.

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Raylo valuation

Raylo's last reported valuation was $49.6 million in Jul 2021. No priced round, secondary trade or fund mark has surfaced since.

Raylo investors

17 investors are on record for Raylo, including Tech Nation Group, Octopus Ventures, Techstart Ventures and Maiora Ventures.

About Raylo

Operator of a smartphone leasing platform intended to offer a circular leasing model for smartphones. The company offers an online platform where customers can lease a range of unlocked mobile phones for varying lease terms, enabling businesses to access the latest devices without long-term contracts or upfront payments, with features including free upgrades, refurbishment of returned devices, soft credit checks, and the ability to choose independent SIM plans.

Sector
Consumer Products and Services (B2C)
HQ
London, United Kingdom
Founded
2018
Employees
113
Website
raylo.com/
Ownership
Privately Held (backing)

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