kheoos Raises €2M to Accelerate R&D and International Expansion in Circular Economy and Sustainable Industrial Procurement
A Strategic Fundraising for Circular Economy and Sustainable Procurement
The Grenoble-based deeptech startup kheoos has announced a €2M fundraising round to bolster its Research and Development efforts and accelerate international growth. This funding marks a major milestone for the company, which is tackling circular economy challenges in industrial maintenance.
Investors Committed to a Sustainable Vision
Industrya and Iron Hands Capital, the leading investors in this round, believe in kheoos’s ability to address critical issues such as valuing unused inventory and sourcing rare or obsolete parts.
An Innovative AI-Based Technological Solution
Since its inception in 2018, kheoos has developed a unique technology that scans industrial inventories, identifies references, enriches databases, and eliminates duplicates. This innovation reveals millions of unused parts, which are then listed on an online marketplace: market.kheoos.com.
A Significant Economic and Environmental Impact
Dormant inventories in Europe are estimated at €3 billion in value, with 90% currently being destroyed. By reintegrating these inventories into the economy, kheoos helps save 3.5 million tons of raw materials and prevents 450,000 tons of CO2 emissions.
More than 400 clients, including industry leaders such as Michelin and EDF, as well as players in the automotive, energy, and pharmaceutical sectors, use the kheoos platform daily.
A Global Vision and Strong Ambitions
Dominique Mercier, President and Co-Founder of kheoos, stated:
“With growing demand in the European market and the rapid evolution of industrial procurement practices toward reuse, this first funding round provides us with the resources needed to achieve our international goals, particularly in the Benelux region, where Industrya has a strong presence, and in Germany.”
Thibaud Le Séguillon, CEO of Industrya, added:
“It’s challenging to integrate circular economy practices into industrial procurement. kheoos’s solutions are quick and easy to implement, and their immediate environmental impact really appealed to us.”
Vivien Sayve, Managing Partner at Iron Hands Capital, confirmed:
“kheoos is the only market solution with a comprehensive software suite addressing the concrete and operational needs of its clients. The growing demand and the shift in procurement processes to include reused parts combine ecological and economic needs facing the industry. With this funding, we believe kheoos is perfectly positioned to continue its growth and become a key player in the European market.”
About kheoos
Founded in 2018, kheoos is a Grenoble-based startup revolutionizing the industrial sector by minimizing its environmental impact, with the ambition of becoming the European leader in the reuse of industrial maintenance parts. Incubated and co-founded by SATT Linksium, kheoos was a winner of the i-Nov competition, labeled “Solar Impulse Efficient Solutions,” and won the European Circular Economy Award from the European Institute of Technology (European Union) in 2022.
Supported by ADEME, BPI France, the Auvergne-Rhône-Alpes region, and Minalogic, kheoos opened an office in Bratislava in 2020 to cover Slovakia, the Czech Republic, and Hungary. The startup brings together a team of 16 passionate experts in AI, maintenance, supply chain, and digital technology. For more information, visit kheoos.com.
About Industrya
Industrya invests in bold and innovative startups shaping the industries and the world of tomorrow. A hands-on investment fund operating exclusively in Industry 4.0, energy, and new materials sectors, Industrya is an ecosystem supporting startups from incubation to investment. It fosters passionate and visionary entrepreneurs offering sustainable and innovative industrial solutions to address the societal challenges of the 21st century.
Industrya is an initiative of the industrial group John Cockerill, alongside investment funds SFPIM, WE, NOSHAQ, and LRM. Visit industrya.com for more information.
About Iron Hands Capital
Iron Hands Capital is a private equity firm exclusively focused on visionary companies promising progress through disruptive proprietary technology (DeepTech). The firm addresses critical environmental, economic, and societal challenges with a dual mission:
- Turning promises of progress into large-scale realities.
- Delivering high financial and extra-financial returns for all stakeholders.
Founded in 2022, Iron Hands Capital provides startups with more than financial capital, including strategic guidance and robust operational support. Its founding team brings together expertise in corporate finance, entrepreneurship, turnaround, innovation, and international growth across small and large-cap sectors. Visit ironhandscapital.com for more information.
Would you like to be notified when new articles are published? Fill out the form!
