Germany-based cleaning products producer Everdrop has secured €18m ($21.8m) in a series A round backed by Vorwerk Ventures, a corporate venture capital subsidiary of consumer product manufacturer Vorwerk, TechCrunch reported yesterday.
Venture capital firm Felix Capital led the round, which included HV Capital, the VC firm that joined angel investors Roman Kirsch and Chris Wichert to provide an undisclosed amount of funding for the company in September 2020.
Everdrop provides a range of household cleaning products including laundry detergents, dishwater tablets and a tablet that can be dissolved in tap water to create a cleaning spray. It has a sustainability focus and its products do not require single-use plastics.
The startup will use the proceeds to develop new products and expand in the European market. It also plans to begin selling its products in the United States.
Other Everdrop backers include private investors Björn Kolbmüller, Paul Schwarzenholz, Christoph Behn, Sven Bauer and Gerald Kullack, all of which took part in an angel round of undisclosed size in July 2020.