A Green Company strengthens its financial structure, doubles workforce and starts international sales
This € 4.7 million financing includes € 3.1 million in subsidies and repayable advances obtained from ADEME and Bpifrance, as well as a € 1.6 million capital increase from its historical shareholders GO Capital, Finovam Gestion, SATT Ouest Valorisation as well as the SurfactGreen team.
The significant increase in SurfactGreen’s financial capacities will make it possible to speed up the marketing of its * bio-based ** surfactants. After the successful marketing of the first product in building materials in 2019, SurfactGreen succeeds in 2020 in developing, industrializing and marketing the first tons of the “ CosmeGreen” to several clients in just 12 months. These patented products, unique in Europe, allow cosmetics players to offer high-performance products in several segments, 100% of natural origin, easily biodegradable and without any human toxicity. For example, the latest product launched enables conditioner manufacturers to meet current consumer requirements: performance and naturalness. It is a unique innovation in Europe for the hair industry where the toxicity of the surfactants currently used is often criticized.
“This increase in our financial capacity also strengthens our R&D and allows our team , which now has 12 employees, to continue its development. This funding reflects the confidence of our shareholders and our financial partners in SurfactGreen’s ambition: to offer surfactants that respect human health, the environment and are produced in France.” explains Xavier Roussel, CEO and Co-Investor.
“The commercial successes obtained in 2 different segments give credibility to our technology. We are continuing to strengthen our team to enable our international sales to start. We will also be able to meet the demands of other segments such as skin care, sun products, detergents and building materials .” adds Pierre-Yves DIVET, President and Founder.