The French start-up has just completed a fundraising of 21 million euros. The new funding round is led by Lombard Odier Investment Managers alongside 900.care historic investors White Star Capital, Swen Blue Ocean and Founders Future. It follows a first fundraising of 10 million euros in June 2021. That seed round was backed by White Star Capital, Founders Future, 360 Capital and business angels.
Profitability in sight
Launched in 2021 by Aymeric Grange and Thomas Arnaudo, 900.care is a refillable, by-subscription, hygiene and personal care brand which has the ambition to help reduce plastic consumption and the environmental impact of hygiene and beauty products.
The brand intends to use the funds to strengthen its position in France and accelerate its footprint in several neighbouring countries.
In 2023, 900.care has practically tripled its turnover, exceeding 10 million euros at the end of the year. The company is now targeting profitability in France from 2024 and a turnover of 100 million euros within three years.
235,000 active subscriptions
900.care currently claims 235,000 active subscriptions across France, and the brand employs 25 people.
“900.care represents precisely the type of model that seems promising for the future, since the brand offers a virtuous model, minimizing plastic production. This simple and easy to use solution, supported by an innovative industrial process, is affordable to many people, helping consumers in adopting new habits on a daily basis,” said Victoire Carous, co-manager of plastic circularity strategy at Lombard Odier Investment Managers, in a statement.
