Spareka raises €5 million in funding from Paris Fonds Vert to enhance its self-repair platform and promote sustainability in appliance maintenance.
Target Information
Spareka, founded in 2012 by Geoffroy Malaterre, aims to empower French citizens to repair their own appliances. The company advocates against programmed obsolescence and believes that repairing devices should be accessible and straightforward. Currently, in France, there are an estimated 691 million household appliances, resulting in approximately 16,000 malfunctions each day. Out of the 1.4 million tons of electronic waste discarded annually, more than 66% of these items are easily repairable and reusable.
Spareka addresses the primary barrier to appliance repairs: cost. By leveraging technology, the company provides various educational tools through its website and application, including tutorials, diagnostic services, and real-time repair assistance via video calls. Their mission is to educate consumers on self-repairing, thereby reducing waste and promoting economic benefits for families.
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Industry Overview in France
France's electronic waste industry faces significant challenges, with millions of appliances discarded each year. As society increasingly elevates sustainability and environmental awareness, the need for innovati
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Paris Fonds Vert
invested in
Spareka
in 2023
in a Seed Stage deal
Disclosed details
Transaction Size: $5M