Just weeks after Everdrop raised its six-figure Pre-seed financing announced, the next investment for the manufacturers environmentally friendly cleaning tabletsHV Holtzbrinck Ventures is investing in the Munich-based company with a sum in the "significant seven-figure range." The money will be used for product development and European expansion. Speaking to Munich Startup, David Löwe, one of the three Everdrop founders:
"We are very pleased that HV, one of Germany's most renowned funds, is committed to sustainability. Hopefully, this will motivate many more startups to disrupt existing structures with innovative and sustainable concepts."
“Everdrop has established itself as a leading, sustainable B2C brand”
David Stefan Fischer by HV Holtzbrinck Ventures, says:
"Within a short period of time, Everdrop has established itself as a leading sustainable B2C brand, getting consumers to use and think differently about plastic-free consumer goods. I'm also excited by Everdrop's potential to become a leading force in the shift toward greater sustainability."
Everdrop sells vegan and biodegradable tabs for all-purpose, bathroom, and glass cleaners. These can be dissolved in reusable spray bottles made from recycled plastic. This avoids having to use a new plastic bottle for each new all-purpose, bathroom, or glass cleaner.
The Startup also sells a detergent that is individually tailored to the customer's water hardness based on their postal code. This is said to save up to 50% of the surfactants used.
According to the company, more than 100,000 customers already purchase its cleaning products. In total, they have saved over 1,500,000 plastic bottles. The startup employs over 20 people.
