Phenix Secures Funding Worth €15 Million, Led By BNP Impulse Venture

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by KnowESG

Phenix, a digital solutions company based in France that wants to stop food waste and promote a model for sustainable growth, got €15 million in funding.

BNP Paribas Solar Impulse Venture Fund, Lombard Odier Investment Managers Sustainable Investments, BNP Paribas Asset Management, INCO Ventures, ETF Partners, Danone Manifesto Ventures, and the Smart Cities Fund were among the investors.

The funds will be used to boost the company's leadership position in Europe.

Jean Moreau and Baptiste Corval founded the company in 2014. Phenix is a social impact firm that creates TechForGood solutions to ensure that unsold products are never wasted.

The company has developed five unique technology solutions and saved over 200 million meals from the trash.

Phenix is now present in France, Spain, Portugal, Italy, and Belgium and wishes to expand by providing software solutions that span every stage of the value chain, from farm to fork. Phenix is both an ESUS and a B Corp.

Source: BW Disrupt

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