Today, the French returnables startup, Le Fourgon, has announced a successful Series A funding round, securing €10 million. This latest investment brings the company’s total funding to €17.5 million, inclusive of the €3 million obtained through crowdfunding earlier this year.
Over the course of the past two and a half years, Le Fourgon, meaning “The Van,” has meticulously crafted a diverse array of local and returnable products. These products are efficiently delivered door-to-door on a daily basis, covering a network of over 2,000 cities across France.
Le Fourgon’s impact is notable, having contributed to the avoidance of more than 10 million single-use bottles and containers, equating to a reduction of over 300 tonnes of plastic waste. The company has streamlined waste management for its 40,000 customers, who, with a simple click on the app or website, can divide their daily waste by three. This is made possible through the utilization of containers that undergo thorough washing and can be reused up to 40 times.
Looking ahead, Le Fourgon has ambitious plans to reuse 50 million containers within the next two years.
The funding for this expansion comes from prominent investors such as Id4 and Teampact, alongside the La Poste Ventures fund—initiated by La Poste and managed by XAnge—along with contributions from several business angels.
With this injection of capital, Le Fourgon intends to broaden its geographical coverage, enhance its private label offering of returnable ranges spanning beverages, food, and household products, and further develop its B2B (business-to-business) services. Additionally, the company plans to increase its workforce to support its ongoing growth initiatives.
