Spare-it Secures $4 Million Investment for Waste Intelligence Expansion
Deal News | Apr 15, 2025 | Credit Mutuel Equity SA
Spare-it, a leader in real-time waste metering, has secured a US$4 million equity financing round led by Credit Mutuel Equity, supported by Peugeot Freres Entrepreunariat and Robin Capital. This investment aims to bolster their AI-powered waste management platform and further their global expansion efforts. As solid waste levels are expected to surge by 80% by 2050, accurate data becomes crucial in addressing this crisis. Spare-it's technology employs smart scales and photo-based data for organizations to manage waste more efficiently. Ludovic Andre, Managing Director at Credit Mutuel Equity, emphasizes the platform's potential to impact waste data handling. Post-investment, Spare-it's board sees the addition of industry experts, including Andre himself. The funds will aid Spare-it in developing advanced predictive models and enhancing client integration capabilities, thus supporting the journey towards sustainable waste reduction.
Sectors
- Waste Management Technology
- Private Equity
- Artificial Intelligence
Geography
- Global – Spare-it aims for global expansion with its advanced waste management solutions.
Industry
- Waste Management Technology – The use of technology in managing and reducing waste, exemplified by Spare-it's AI-powered waste metering platform.
- Private Equity – The involvement of Credit Mutuel Equity in financing Spare-it indicates a focus on strategic investments in innovative solutions.
- Artificial Intelligence – Spare-it employs AI to enhance their waste management solutions, offering predictive models and data insights.
Financials
- US$4 million – The amount raised by Spare-it in the equity financing round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Spare-it | Target Company | Companies | A leader in in-building waste metering providing real-time data-driven waste solutions. |
| Credit Mutuel Equity | Private Equity Investor | Companies | Led the $4 million financing round to support Spare-it's expansion and innovation. |
| Peugeot Freres Entrepreneuriat | Investor | Companies | Provided continued support in Spare-it's latest funding round. |
| Robin Capital | Investor | Companies | Also supported the financing round for Spare-it. |
| Ludovic Andre | Board Member | People | Managing Director Canada at Credit Mutuel Equity, bringing expertise in strategic investment and M&A. |
| Eric Gelle | Board Member | People | SVP of Sales SaaS, known for driving SaaS growth. |
| Cynthia Curtis | Board Member | People | Recognized corporate sustainability leader formerly with JLL. |
| Laurent Canneva | CEO | People | CEO of Spare-it, emphasizing the importance of actionable waste data. |