Belgian investor Sofina, a fund of the Swiss banking group Lombard Odier, and Silicon Valley-based Triplepoint Capital are leading Everdrop's financing. Existing investors Felix Capital from the UK, HV Capital, and Vorwerk Ventures are also participating in the round. The financing will be provided in the form of both equity and debt.
“Everdrop has the potential to drive positive change in the consumer goods landscape”
Since the beginning of 2020, Everdrop has been offering sustainable household and personal care products that do not require plastic packaging and are sold in solid form. Consumers mix the products at home with tap water, thus saving on water transport. Furthermore, the Munich overdosing their cleaning products to reduce the amount of chemicals in circulation.
"We are grateful that we have been able to gain the trust of our partners despite the current economic challenges in the world. We see this as an important milestone for our company, but also as a clear commitment from the business community to the change we must drive in society,"
says David Löwe, one of the co-founders of Everdrop.
“We now want to invest the additional capital in our three major growth pillars: bringing sustainable everyday life to more international markets, strengthening our retail presence, and expanding our product portfolio.”
Harold Boel, CEO of investor Sofina, says:
"At Sofina, we support founders who align with our values and strategy. That's why we're excited to partner with Everdrop, which aims to enable a sustainable lifestyle with its products that touch our daily lives. Everdrop has the potential to drive positive change in the consumer goods landscape."
The startup claims to have grown by 300 percent year-on-year. Its approximately 40 household and personal care products are available both online and in retail stores in Germany, Austria, Switzerland, Italy, and France.
“We are implementing our strategy to become a true omnichannel brand by partnering with retailers across Europe in addition to our own online store,”
said co-founder Chris Becker.
“The new financing round will also enable us to achieve a strong retail boost in other European markets.”
