# Castalie

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/castalie

- Industry: Power & Utilities
- Headquarters: France
- Website: www.castalie.com
- Total disclosed funding: $8.6M
- Latest round: Series A (Aug 6, 2020)
- Investors on record: 4

## About

Castalie SAS is a company specializing in the design and provision of premium eco-friendly water fountains that deliver micro-filtered water, catering to diverse professional environments.Castalie SAS, founded in 2011 in France, focuses on creating sustainable water solutions for various commercial settings. The company has successfully installed over 7,000 fountains across more than 3,000 clients. Thibault Lamarque, the founder, has a background in promoting eco-conscious business practices. In August 2020, Castalie raised EUR 7.27 million in Series A funding led by Ring Capital, with participation from Amundi Private Equity Funds and RAISE Impact, bringing the total amount raised to EUR 7.27 million and a current valuation of EUR 32.009 million.Castalie specializes in providing premium, eco-designed water fountains that deliver micro-filtered water suitable for a range of professional environments including offices, restaurants, hotels, and public venues. Their offerings include various fountain models dispensing still, sparkling, warm, and chilled water. The microfiltration process effectively removes impurities while preserving essential minerals. Castalie primarily operates in the French market, with plans for expansion into other European countries, contributing to reducing over 410 million single-use plastic bottles.Castalie generates revenue through direct sales and service contracts associated with their water fountain installations. Clients typically enter into subscription-based agreements that include regular maintenance services, essential for optimal fountain performance and hygiene. Each contract includes a minimum of three maintenance visits per year, ensuring rapid response times within 24 to 48 hours for service requests. Pricing is customized based on the specific fountain model and client requirements, focusing on their eco-conceived fountain designs.In August 2020, Castalie SAS secured EUR 7.27 million in Series A funding to support its growth initiatives. The company plans to expand its service offerings into additional European markets by 2023. Upcoming product designs are in development, aimed at enhancing user experience. The recent funding will be utilized to accelerate these product developments and market expansion efforts.

## Funding rounds

- Series A, Aug 6, 2020, $8.6M — Amundi Private Equity Funds, SEB Alliance, Ring Capital, RAISE Impact

## Investors

- Amundi Private Equity Funds — Series A
- SEB Alliance (https://capitalatlas.ai/funds/seb-alliance) — Series A
- Ring Capital (https://capitalatlas.ai/funds/ring-capital) — Series A
- RAISE Impact — Series A