The industrial startup Néolithe, pioneering waste treatment through accelerated fossilization, has just announced a €60 million fundraising round. This major financing round was led by private and banking investors, including Crédit Mutuel Impact, Otium Capital, Tivoli Capital Investment and Rgreen Invest.
Néolithe's Revolutionary Technology
Founded in 2019 by Nicolas Cruaud, Clément Bénassy, and William Cruaud, Néolithe has developed an innovative process for the accelerated fossilization of waste. This technology transforms non-recyclable waste into aggregates while sequestering carbon long-term.
It offers an ecological alternative to traditional methods such as landfilling or incineration, halving the carbon footprint.
Deploying plants across the territory to accelerate the ecological transition
Thanks to these new funds, Néolithe will be able to accelerate the deployment of its first fossilization plants nationwide. Each industrial site will treat 100,000 tons of waste annually locally, contributing to a nationwide network for sustainable waste management at the regional level.
This scaling up will allow Néolithe's technology, which represents a real revolution in waste treatment, to more actively contribute to the emergence of the circular economy in France. By drastically reducing the carbon footprint of the sector, it will play a key role in the ecological transition and the fight against climate change.
This fundraising marks an important step towards industrializing an environmentally-friendly sector.
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