Pyxo raised €7M from Eurazeo and FiveSeasons Ventures
Pyxo, a Paris, France-based operator of a marketplace for reusable packaging in the food industry, announced completing a €7M ($7.9M) capital funding round.
The money was raised from investors from France including Eurazeo and FiveSeasons Ventures.
Pyxo, founded in 2017 by CEO Benjamin Peri, François des Beauvais and Mélanie Dinane, is building a platform for the management of reusable containers, connecting all stakeholders in order to limit single-use packaging in catering and food distribution by offering a simple system for tracking returnable containers. The company developed PyxoBoxes, reusable containers equipped with a traceability solution so that they can be identified throughout their journey, from the restaurant to the washing center.
Each container has a unique identifier, in the form of a QR Code or an RFID chip, which is attached to a restaurant. When ordering a meal, this identifier is also attached to the customer (whether by his loyalty card or his bank card) in order to ensure his follow-up. As soon as the container is returned by the consumer, it is no longer attached to him and the deposit is not cashed – if the restaurant owner uses this system to avoid the theft or loss of the containers. The container is brought to the cleaning center before being returned to the restaurateur.
Customers include French food companies, such as HopLunch, PopChef, Sodexo, Foodles, Transgourmet and Avékapeti.