French startup Lizee has raised €9 million ($10.5 million) in a funding round led by Alante Capital and joined by Ring Capital, Circular Innovation Fund, Lyra Ventures, Maif Impact, and Speed Invest. Lizee, founded in 2019 by Anna Balez and Thimothée Emery, provides a white-label software solution that enables brands to rent or sell their products second-hand. The company operates in the sports, fashion, and DIY sectors, among others, offering businesses the resources necessary to manage a new responsible business model. The aim is to combine sustainability and profitability to enable customers to triple their margins while minimizing their environmental impact. Lizee has already convinced several major brands, including Décathlon, Petit Bateau, Migros, and Maje. This funding round will enable Lizee to accelerate its technological and commercial development.
Alante Capital is a venture capital firm that invests in tech startups focusing on software, fintech, and healthcare. Ring Capital is a venture capital firm that specializes in digital startups. Circular Innovation Fund is a venture capital firm that invests in circular economy startups. Lyra Ventures is a venture capital firm that invests in early-stage startups. Maif Impact is the impact investing arm of French mutual insurance company Maif, and invests in startups that promote a more sustainable and responsible economy. Speed Invest is a venture capital firm that invests in early-stage tech startups in Europe and the US.