Néolithe raises €60 million

A total of 60 million euros raised in financing

Angevine-based industrial startup raises €60 million to accelerate deployment of its first Accelerated Fossilization waste treatment plants.

Néolithe is backed by long-standing partners including Otium Capital, as well as new private investors including the « Révolution Environnementale et Solidaire » fund managed by Crédit Mutuel Impact, and public and bank funds for this new round of financing.

A round of financing driven by strong environmental objectives

Néolithe announces its fourth round of financing from private and banking investors, including Crédit Mutuel Impact, Otium Capital, Tivoli Capital Investment and RGREEN INVEST.

Driven by ambitious R&D and promising commercial prospects. Néolithe aims to accelerate its commercial development and thus amplify its contribution to reducing France’s carbon footprint. Néolithe reaffirms its position as an alternative to traditional waste treatment technologies, notably landfill and incineration. Thanks to Accelerated Fossilization of waste, Néolithe reduces the carbon emissions associated with waste treatment, sequestering (on average, according to estimates) 420 kg CO2e per tonne of waste treated.

Thanks to the avoided emissions and carbon sequestration enabled by Accelerated Fossilization, Néolithe’s process has a lower carbon footprint, estimated up to around 200%* compared to landfill and incineration.

*Calculations based on LCAs modeled by an independent consultancy firm, taking into account avoided and sequestered emissions.

Industrial acceleration : stronger and more local

Néolithe is giving itself the means to accelerate its industrial strategy by presenting its new integrated model. The Fossilizators will have the capacity to process 100,000 tonnes of waste per year, and will be replicated throughout the country, to manage waste locally.

The Fossilizators will integrate all stages of waste processing and aggregate production, and will be supplied locally by sorting centers and local businesses. Aggregates, for their part, will be distributed in partnership with local building and public works companies for construction needs and, in the medium term, for road use, the subject of the partnership agreement recently signed between the company and the regulatory authority, Cerema.

Ambitious R&D to prepare for the future

Néolithe’s R&D roadmap supports its future developments and focuses on three main areas :

Industrial R&D to continuously improve Fossilizators’ efficiency, robustness and performance,

Waste R&D to be able to process more types of waste in the medium term. After waste from economic activities, ordinary industrial waste and general waste, Néolithe is now preparing its capacity to treat residual household waste,

R&D aggregates for use in more types of concrete, and in road construction techniques.

Nicolas Cruaud, President and co-founder of Néolithe :

François Durvye, Managing Director of Otium Capital :

Sabine Schimel, General Manager Crédit Mutuel Impact :

Olivier Pinard, Investment Director, RGREEN INVEST :

Lorraine Strauss, General Manager of Tivoli :

Nicolas Cruaud, President and co-founder of Néolithe :

« In the face of the climate emergency, we are reaffirming our commitment to strong growth. We are presenting a high-capacity Fossilizator model that we will replicate throughout France and abroad, to turn the waste industry into a carbon sequestration industry. We know we’ll be in demand, because we’re at the crossroads of the major challenges of our time: industrial ecology, reindustrialization and carbon sequestration. With this new financing round, we are surrounding ourselves with partners whose expertise will help us achieve our objectives: finance, infrastructure, transition. Our ambitions are ambitious, and their support will be invaluable. A new page in the Néolithe adventure is opening, and I’m very proud of the ground we’ve covered and of the work all our teams do every day! Each and every one of us is convinced that we have a responsibility in the fight for climate protection ! »

François Durvye, Managing Director of Otium Capital :

« This new round of financing marks our renewed confidence in Néolithe’s project, following our first participation in Series A in 2022. The founders are staying the course, and want to go even faster and further, and we support them in their ambition. We believe in the dominant role of industrial efficiency theses in building a low-carbon economy, and that’s what Néolithe is all about. Neolithe’s plans for a nationwide network will contribute to the reindustrialization of our country, to job creation in every region, and ultimately to our sovereignty. Néolithe’s strategy is convincing, ambitious and robust. »

Sabine Schimel, General Manager Crédit Mutuel Impact :

« Néolithe is one of the very first investments of the « Révolution Environnementale et Solidaire » fund, supported by Crédit Mutuel Alliance Fédérale’s societal dividend and dedicated to financing projects for environmental transformation and solidarity in the face of climate change. We support the ambition of Néolithe’s founders and their industrial vision, and are proud to provide long-term support to a company that creates jobs in its region, is innovative and has a strong environmental impact. »

Olivier Pinard, Investment Director, RGREEN INVEST :

« We decided to take part in this new round of financing because we are convinced of the Néolithe project, and of the need for an industrial strategy with strong potential for reducing the waste industry’s carbon footprint. We need entrepreneurs who are making the transition, and our role as an investor is to help them accelerate the development of their business and their solutions. Néolithe is preparing the deployment of large-scale carbon sequestration infrastructures, to maximize its impact on the environment, a field which overlaps perfectly with the philosophy of RGREEN INVEST. The team may be young, but it is ambitious and determined to contribute to the future of a new French industry. »

Lorraine Strauss, General Manager of Tivoli :

« Like Néolithe, which is preparing for the future of non-recyclable waste treatment, we believe fundamentally in disruptive innovations that force us to rethink our habits. These innovations take on particular meaning in key areas such as ecology, health and education. We are confirming our commitment to Néolithe and its management by participating in this new round of financing. By making this choice, we are reaffirming our position in favor of the circular economy : waste can become a resource, as Néolithe has been proving for several years ! »

Néolithe raises €60 million

A total of 60 million euros raised in financing

A round of financing driven by strong environmental objectives

Industrial acceleration : stronger and more local

Ambitious R&D to prepare for the future

Nicolas Cruaud, President and co-founder of Néolithe :

François Durvye, Managing Director of Otium Capital :

Sabine Schimel, General Manager Crédit Mutuel Impact :

Olivier Pinard, Investment Director, RGREEN INVEST :

Lorraine Strauss, General Manager of Tivoli :

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