Groupe SEB led a $15m Series A funding round of CASTALIE.

Groupe SEB, a producer of small household equipment, through its corporate venture arm led a $15m Series A funding round of CASTALIE, a provider of water fountains, containers, accessories and maintenance services. Amundi, RAISE and Ring Capital also participated in the round. “The company was created from my revolt against the omnipresence of plastic bottles, which are an ecological disaster for our planet, when there are so many alternatives. We are happy to continue the expansion of CASTALIE with our financial and industrial partners which will enable us to complete our economic transition. Thanks to their help, we will be able to make progress faster and make both private individuals and corporate customers aware of the sustainable solutions that exist to change their purchasing habits. Our target over the next two years is to avoid the use of 100 million plastic bottles,” Thibault Lamarque, CASTALIE Chairman and Founder.