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Announced

Completed

Sofina led a €80m Series B funding round in Everdrop.

Financials

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Transaction Value£68m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Venture Capital

Germany

Friendly

Private

Acquisition

Completed

Household Equipment and Products

cleaning products

Cross Border

Minority

Private Equity

Single Bidder

Synopsis

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Sofina, a Belgian growth investor, led a €80m Series B funding round in Everdrop, a Munich-based start-up for sustainable cleaning products, with participation from Lombard Odier's Impact Fund and TriplePoint Capital, Felix Capital, HV Capital and Vorwerk Ventures. "We are grateful to have gained the trust of our partners despite the current economic challenges in the world. We see this as an important milestone for the company, but also as a commitment from the business community to the changes we need to drive in society," David Löwe, co-founder.

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