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Quadia invests in NEAG

October 12, 2020

Quadia is pleased to announce its participation in the financing round of the French network of grocery stores that are saving food-waste, Nous Epiceries Anti-Gaspi. Quadia is investing through its fund focused on the regenerative economy launched in cooperation with the Belgian Bank Degroof Petercam. The investment is realized together with aligned investors Eutopia and Danone Manifesto Ventures, alongside the current majority shareholder Phenix.

NOUS Epiceries Anti-Gaspi (NEAG) is the first French network of grocery stores committed to reducing food waste upstream in the value chain. The company offers in its stores a range of products highlighting items that are excluded from traditional retail distribution channels due to visual or packaging-related defects, approaching recommended use-by dates, discarded due to delivery delays, residuals from bulk sales, interrupted series or production over-runs.

Since its founding in 2018, NEAG has already set up 9 stores in Paris and in the region of Western France, with an ambition to develop up to 50 stores by 2024. A tenth stores is expected to be opened at the end of the month in Paris Montparnasse.

The funds raised in this round will enable the company to further expand its network of stores across the country, build an innovative e-commerce offering and develop new partnerships with French food producers.

The joint press release (French) can be found here.