Next Finance Trade Publication — Private Markets Section · March 2016 · Next Finance Editorial Team
Next Finance announces that Castalie, a specialist in microfiltered water for professionals, has raised 2.7 million euros. The funding round brings together the investment firm Extendam alongside LER, Comptoir de l’innovation, and Bpifrance. Less than five years after its founding, Castalie consolidate its position in the hospitality market and accelerate its expansion into the corporate market.
Key takeaways
- In March 2016, Castalie 2.7 million euros from Extendam, LER, Comptoir de l’innovation, and Bpifrance to finance its growth in the restaurant and corporate markets.
- Founded in 2011 by Thibault Lamarque, Castalie equipment that micro-filters tap water at the point of use, providing still or sparkling water with adjustable temperature and carbonation levels—a sustainable alternative to bottled mineral water.
- From the very beginning, Castalie made a name for Castalie in the foodservice market thanks to equipment featuring a touchscreen keyboard, automatic volumetric dispensing, and S.A.F.E® technology, all set apart by a distinctive design.
- In 2013, Castalie the Mini-Pure, designed for businesses, a product that received the Janus de l’Industrie award (in the ecodesign category) and was named a 2015 Étoile du Design by L’Observeur du Design.
- At the time, Castalie the meeting rooms and shared spaces of major French CAC 40 companies, including LVMH and Nexity.
- As early as 2016, the Castalie facility Castalie already replacing more than 4 million bottles of water each year.
- Following this funding round, Castalie to hire about 15 employees to bring its workforce to 35, and aimed to have more than 3,000 clients (restaurants, hotels, and businesses) by 2018.
Source: Next Finance, “Private Markets” section, March 2016 — Next Finance editorial team. Read the original article
