Tri'n'Collect raises €5M
TRI'N'COLLECT RAISES €5M TO CONSOLIDATE ITS POSITION IN INNOVATIVE CONSTRUCTION WASTE MANAGEMENT
Since it was set up 4 years ago, Tri'n'Collect has been revolutionising the management of construction site waste through source separation and the circular economy.
The environmental challenge posed by building site waste is urgent and pressing: there is no Planet B. Some buildings produce 100kg of waste per square metre built! With 46 million tonnes of construction waste generated every year, Tri'n'Collect is the solution that transforms this waste into tomorrow's resources. Materials such as gravel, wood, plaster, glass, plastic and metals can be recycled, some of them endlessly, offering a virtuous alternative that reduces the exploitation of natural resources and the burying of waste.
Under the new AGEC law, every player in the construction industry is responsible for the waste they generate: to stop having waste mixed up in skips, Tri'n'Collect's solutions support all construction professionals by sorting waste at source on site, reducing the amount of waste thrown away and not recovered, and increasing its reuse or recycling.
Financing an ambitious plan to develop new models and optimise waste recovery
"The renewed commitment of our historic investors and the arrival of the Banque des Territoires (in its own name, as part of its investment activity dedicated to waste) is a strong signal for our team and our customers. This fundraising, which welcomes new shareholders, will enable us to accelerate our development and strengthen our position as a major player in the circular economy," says Quentin Charoy, Chairman of Tri'n'Collect.
These funds will enable Tri'n'Collect to support a bold development plan. Tri'n'Collect is accelerating its go-to-market in the selective dismantling and rehabilitation markets and is extending its activities to the Ile de France and Hauts de France regions. This geographical expansion is accompanied by the introduction of a new agency model, integrated into an ecosystem of players in the circular economy, with the aim of maximising synergies and collaboration.
The second objective focuses on improving recycling processes, which are at the heart of operations, in order to maximise the positive impact of the sorting station. Tri'n'Collect is fully aligned with the regulatory requirements of the AGEC law, positioning itself as a key player in the context of Extended Producer Responsibility (EPR) and the circular economy.
Earthwake enterprise raises €2.2M
EARTHWAKE ENTREPRISE RAISES €2.2M TO MEET THE CHALLENGE OF RECYCLING PLASTIC WASTE
Founded in 2020 by Samuel Le Bihan and François Danel, Earthwake Entreprise is developing an innovative pyrolysis solution for recovering plastic waste that is difficult to recycle. This young start-up has just raised €1.4m from investment funds and is also the winner of the I-NOV competition, with €826,000 in grants. Earthwake Entreprise will thus be able to finance the next stages of its development and recruit new skills to complete its teams.
Funding to match its ambitions
By 2027, Earthwake Entreprise aims to become an established global player in the chemical recovery of plastic waste. The stakes are unprecedented: if demand for plastics continues on its current trajectory, the volume of waste will treble in the coming years, while only 16% of plastics are recycled worldwide.
Thanks to its patented technology, Earthwake Entreprise offers a greener alternative to landfill and incineration. The Chrysalis ®[1] equipment tackles the challenge of plastic waste that is currently little or not recycled at all. Two recovery routes are then possible: a raw material for the petrochemical industry to produce virgin plastic, or a fuel with a reduced carbon footprint for the transport sector.
Well-known investors to take part in development by 2023
In 2022, Earthwake Entreprise will be welcoming new investors alongside its historic banking partners BPI and Banque Populaire Méditerranée. Several family offices, the WISEED investment fund, the Rothschild & Co Foundation, Creazur - the innovation venture capital fund of the Caisse Régionale du Crédit Agricole Provence Côte d'Azur, and the fund of a world leader in maritime freight, CMA-CGM, are joining Earthwake Entreprise's capital.
In addition, Earthwake Entreprise is one of 53 winners of the BPI's I-NOV innovation competition, receiving €826,000.
This €2.2m investment will be used to :
- Certify and market the Chrysalis® equipment,
- Recruit new skills, particularly in sales,
- Finance working capital requirements for initial sales.
Earthwake Entreprise was advised throughout this first round of financing by FINPACT, a financing strategy consultancy specialising in asset refinancing operations for innovative companies responding to the challenges of transition.
[1] An explanatory video is available at the following address: https://www.youtube.com/watch?v=lQ8_mI5plXo&t=1s
