Everdrop receives 80 million euros

Both new investors and existing investors have invested. The company sells household products and natural cosmetics.

The Munich-based start-up for sustainable cleaning products Everdrop is probably known to many through its advertising on social networks. Startbase already tested the cleaning performance of the products. Now the company has raised over 80 million euros in its Series B round.

The round is led by Belgian growth investor Sofina, the Impact Fund of Swiss banking group Lombard Odier and Silicon Valley-based venture lending partner Triplepoint Capital. In addition to these new investors, existing investors also participated in the round: Felix Capital from the UK, and HV Capital and Vorwerk Ventures from Germany.

"We are grateful to have gained the trust of our partners despite the current economic challenges in the world," said co-founder David Löwe. "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."

The company had been founded in Munich in 2019 and sells household products and natural cosmetics. According to the company, all Everdrop products are designed to completely eliminate single-use plastic and unnecessary chemicals. The range includes, for example, cleaning tabs, dishwasher tabs, laundry detergent, dishwashing detergent, toilet cleaner, accessories, hand soap and shower gel.