Belgian startup Dripl has successfully raised €2.15 million to enhance its innovative packaging-free soft drink solution and expand its European market presence.
Target Information
Dripl is a Belgian startup that has emerged as a pioneer in the healthy beverage sector since its inception in 2020. The company offers a unique alternative to traditional soft drinks through its innovative self-developed Refill Points. These packaging-free vending machines cool, flavor, and carbonate tap water, significantly contributing to waste reduction and lowering carbon footprints across companies that adopt their system. So far, this initiative has saved more than 21.5 million packaging units, with a bold target to save up to 1 billion units by 2030.
With the recent acquisition of €2.15 million in growth capital, Dripl is poised for further development and expansion throughout Europe, particularly beyond its current markets of Belgium and the Netherlands. This funding round not only signifies financial support but also validation from notable investors who believe in Dripl’s potential to reshape the beverage landscape.
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Industry Overview in the Netherlands
The beverage industry in the Netherlands is characterized by a significant consumption trend, with the average Dutch citizen consuming around 1.4 billion liters of soft drinks annually. This expansive consumption results in
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Faraday Venture Partners, The Source (Spadel Group), various business angels
invested in
Dripl
in 2023
in a Growth Equity & Expansion Capital deal
Disclosed details
Transaction Size: $2M