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Néolithe transforms waste into building materials

2023-12-06T19:17:30.307Z

Highlights: Néolithe transforms waste into building materials. The Angers-based start-up has raised €60 million to accelerate the industrialisation of its innovative process. This brings the total number of rounds of financing completed in four years to 83 million. This is quite a feat for an industrial company, at a time when venture capitalists are becoming more and more cautious. The idea is to recover non-recyclable waste by fossilizing it to make aggregates that can be used by the construction industry.


The Angers-based start-up has raised €60 million to accelerate the industrialisation of its innovative process.


At first glance, it is a simple pebble that Nicolas Cruaud, president and co-founder of Néolithe, places in front of him. In reality, it's a small industrial, or rather geological, revolution. Neolith makes pebbles.

The process is attractive enough to allow the Angers-based start-up to raise €60 million from private and banking investors, including Crédit Mutuel Impact, Otium Capital, Tivoli Capital Investment and RGreen Invest. This brings the total number of rounds of financing completed in four years to 83 million. This is quite a feat for an industrial company, at a time when venture capitalists are becoming more and more cautious.

Néolithe ticks many boxes among the themes in the air of the times: reindustrialization, decarbonization and waste reduction. This last point is what makes the company so original. Néolithe recovers non-recyclable waste by fossilizing it to make aggregates that can be used by the construction industry, for construction or for road use.

The idea...

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Source: lefigaro

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