Newcy SAS

Newcy SAS is a French company focused on producing and distributing reusable cups to enhance sustainability in corporate environments. Their products cater to businesses aiming to reduce waste significantly. Founded in 2016, Newcy SAS operates in France and specializes in promoting sustainable practices by providing reusable cups. The company was established by Caroline Bettan and Jérémy Renouard, with Caroline Bettan serving as the CEO.

Newcy has successfully completed a total of 3 deals, with the most recent deal occurring on July 10, 2020, when they raised EUR 350,000 in venture debt funding from Arkea Capital, Breizh Up, and Crédit Agricole d'Ille-et-Vilaine. The total amount raised by the company is EUR 350,000, reflecting its growing valuation of EUR 3. 941 mn. Newcy specializes in producing and distributing reusable cups designed to reduce waste and promote sustainable practices in corporate settings.

Their offerings include customizable reusable cups that fit various coffee machines and water dispensers, facilitating the transition from single-use to reusable products. The cups are certified for food use and manufactured without harmful chemicals, targeting enterprises, public institutions, and tertiary sector actors across France and Europe. In 2022, Newcy generated a revenue of EUR 1,446,829 through its business-to-business model, which includes a subscription service for the supply and maintenance of reusable cups. Clients benefit from regular deliveries of clean cups under contractual agreements, which outline quantities and delivery schedules.

This revenue model also encompasses competitive washing fees and monthly usage tracking, promoting effective waste reduction initiatives for businesses. Newcy plans to leverage its recent funding of EUR 350,000 from July 2020 to enhance its product offerings and expand its market presence. Upcoming product designs are in progress, aimed at launching new customizable cup options by late 2023. The company is targeting expansion into additional European markets, with a strategic focus on Germany and Spain, expected by mid-2024.

These initiatives are designed to strengthen Newcy's position in the sustainability sector and support its clients' corporate social responsibility objectives.