SOS Accessoire has recently secured a €10 million funding round from Quadia, Staquest Capital, ETF Partners, and Seed For Good. The company, founded in 2008 by Olivier De Montlivault, specializes in selling spare parts and repairing household appliances. With over 180,000 parts in stock and a turnover of €15 million in 2020, SOS Accessoire aims to position itself as a key player in the fight against programmed obsolescence.
Two-thirds of discarded devices could be repaired, according to De Montlivault, who created the company with this observation in mind. The funding will help accelerate SOS Accessoire's international expansion and create around 30 new jobs.
Quadia is a Swiss impact investing firm that supports companies generating positive social and environmental change. Staquest Capital is a French firm that invests in innovative and sustainable companies. ETF Partners is a European venture capital firm that invests in technology companies with a positive impact on the environment. Seed For Good is a French investment fund that aims to support innovative projects with a positive impact.
SOS Accessoire's mission aligns with the values of these investors, and the €10 million funding round will enable the company to continue its work towards reducing waste and promoting sustainable consumption. The funding will also support the creation of new jobs in the green economy, furthering the positive impact of the company's work.
SOS Accessoire's latest funding round will help the company expand its global presence, create new jobs, and promote sustainable consumption. The involvement of socially and environmentally responsible investors underscores the company's commitment to its mission and values.
