What is Everdrop?
Everdrop operates as a manufacturer and online retailer specializing in eco-friendly cleaning solutions, notably plastic-free cleaning tablets and household detergents. Headquartered in Germany, the company is positioned within the burgeoning market for sustainable consumer products, addressing a growing consumer demand for environmentally conscious alternatives to traditional cleaning supplies. Its business model combines manufacturing with direct-to-consumer online retail, allowing for direct engagement with its customer base and control over product quality and distribution.
How much funding has Everdrop raised?
Everdrop has raised a total of $103.2M across 2 funding rounds:
Series A
$21.8M
Series B
$81.4M
Series A (2021): $21.8M with participation from Vorwerk Ventures, HV Capital, and Felix Capital Partners
Series B (2022): $81.4M led by Felix Capital, Sofina, Vorwerk Ventures, Lombard Odier, HV Capital, and Triple Point Capital Management
Key Investors in Everdrop
Felix Capital
Felix Capital is a venture capital firm that supports entrepreneurs at the intersection of technology and creativity, focusing on building strong brands that enhance human experience. They invest in companies aiming to shape the future.
Sofina
Sofina, established in 1980, is a private equity and venture capital firm specializing in growth capital and various investment stages across diverse sectors including digital transformation, consumer goods, and e-commerce worldwide.
Vorwerk Ventures
Vorwerk Ventures is an independent venture capital fund based in Berlin that focuses on early-stage investments (Pre-Seed to Series A) in tech entrepreneurs driving positive change for people and the planet.
What's next for Everdrop?
The recent major strategic investment in Everdrop signals a pivotal phase for the company, likely enabling expansion of its product line, enhancement of its manufacturing capabilities, and broader market penetration. This capital infusion is expected to fuel further innovation in sustainable cleaning technologies and bolster its e-commerce infrastructure. As Everdrop continues to scale, its focus will likely remain on solidifying its brand as a leader in the plastic-free household goods market, potentially exploring new product categories and international market expansion to capitalize on global environmental consciousness.
See full Everdrop company page
