SPRiNG secures €10 million in Series B funding to accelerate growth and R&D in the sustainable cleaning products market.
Target Company Overview
SPRiNG, a French startup established in 2020, specializes in producing eco-friendly cleaning detergents that emphasize clean formulations devoid of controversial materials. Co-founded by Philippe Cantet, Laure Favre, and Benjamin Guerville, the company has experienced remarkable growth, reporting an 80% increase in revenue in 2024 and exceeding one million orders. SPRiNG has successfully built a strong customer base of 200,000 active subscriptions across France, focusing on delivering sustainable cleaning solutions through a subscription model that includes direct mailbox delivery.
In its fifth year of operation, SPRiNG aims to not only expand its product offerings but also to enhance its research and development capabilities. The firm advocates for rechargeable cleaning solutions to reduce reliance on single-use plastics, successfully preventing approximately 280 tons of plastic waste and over 2,000 tons of carbon emissions through its innovative packaging and concentrated formulas.
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Industry Overview in France
The cleaning product industry in France has been in a transformative phase, increasingly influenced by consumer preferences shifting towards sustainability. As environmental awareness grows, customers are active
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Disclosed details
Transaction Size: $10M