Vaucluse. The Avignon start-up Hubcycle raises 3.5 million euros
By APEI Press Agency
Published on
HER growth is exponential. After 1.5 million euros in 2021, the Avignon start-up Hubcycle just announced this time having lifted 3.5 million euros near Citizen Capital, Blue Capital as well as its historical shareholders, Daphnia and Swan Capital Partners.
This fundraising should allow him to international development and increase its fleet of employees, from 9 to 30.
Hubcycle, kesako?
Hubcycle, created in 2016 by Julien Lesage, is based on an observation: on average, a third of the materials who enters a factory is removed from production lines in the form of co-products: peelings, pressed pulp, shells, pits, cooking water, etc. Yet they are still usable by other industries.
His team will then transformer for around thirty customers such as the big food and cosmetics multinationals like L’Oréal or Nestlé.
Examples given by the entrepreneur on the website madness : enhance the envelope of the cocoa bean to flavor Cacolac or extract molecules from orange peels which are used to make essential oils…
So far, more than 600 deposits have been identified including a hundred in sufficient quantities to be interested in important companies.
Was this article helpful to you? Note that you can follow Actu Vaucluse in the My Actu space. In one click, after registration, you will find all the news of your favorite cities and brands.