# Phenix

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

- Industry: Power & Utilities
- Headquarters: Paris, France
- Website: www.wearephenix.com
- Total disclosed funding: $15M
- Latest round: Series A (Feb 20, 2020)
- Investors on record: 5

## About

Phenix SAS specializes in managing and valorizing unsold goods, providing a platform that connects businesses with solutions to reduce waste and enhance sustainability in inventory management.Founded in 2014, Phenix SAS is headquartered in Paris, France. The company operates a platform dedicated to optimizing the management of unsold food and non-food products. It has completed a total of five deals, with the most recent being a funding round on September 22, 2022, where they raised EUR 15 mn from various investors including BNP Paribas Asset Management and Danone Manifesto Ventures. The founders, Baptiste Corval and Jean Moreau, have a vision to tackle waste in retail through innovative solutions, and their leadership continues under CEO Christel Ferrando and Jean Moreau.Phenix operates a comprehensive platform designed to help businesses manage and valorize unsold goods, both food and non-food items. Their core offerings include an all-in-one management solution that connects clients with expert anti-waste consultants, facilitating the efficient handling of surplus inventory and reducing waste. The platform aids various sectors, including supermarkets, wholesalers, and local retailers, in optimizing the donation of unsold products while ensuring compliance with relevant regulations such as the Loi Garot and the AGEC law. Phenix’s services are utilized in multiple geographical markets, including France and other European nations, where businesses face challenges with the management of unsold goods. The primary end-users of Phenix's services include food retailers, producers, and various organizations seeking to enhance their sustainability efforts by minimizing waste and maximizing resource use.Phenix generated revenue of EUR 9,102,388.60 in 2018, with an EBITDA of EUR 999,087 for the same year. The company primarily earns revenue through partnerships and service agreements with businesses in the retail and food production sectors, utilizing a structured transaction model that may include subscription fees for platform use and transaction fees related to selling unsold goods via their application.In September 2022, Phenix SAS raised EUR 15 mn in venture funding from new and returning investors, which will be utilized to strengthen its leadership position in Europe. The company is focused on expanding into new markets, although specific regions have not been disclosed. There are plans for upcoming products designed to enhance the platform's capabilities, but detailed launch dates have not been provided.

## Funding rounds

- Series A, Feb 20, 2020, $4.9M — Danone Manifesto Ventures
- Series A, Nov 26, 2018, $10M — ETF Partners, Arkea Capital, Bpifrance Investissement, Sofiouest

## Investors

- ETF Partners (https://capitalatlas.ai/funds/etf-partners) — Series A
- Arkea Capital (https://capitalatlas.ai/funds/arkea-capital) — Series A
- Bpifrance Investissement (https://capitalatlas.ai/funds/bpifrance-investissement) — Series A
- Sofiouest — Series A
- Danone Manifesto Ventures (https://capitalatlas.ai/funds/danone-manifesto-ventures) — Series A