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Ingredients: Sophim completes EUR 20M funding to double production capacity

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The French family-owned producer of pure beauty substances, specialising within the manufacturing of squalane from vegetable origin, has secured a EUR 20 million funding spherical to speed up its development. This capital might be used to double the corporate’s manufacturing capability at its two industrial websites and speed up its worldwide growth.

The whole consists of 4.5 hundreds of thousands euros from Smalt Capital – the one monetary investor within the spherical and Sophim’s companion since 2014 – in addition to banking help and funding in restoration bonds.

We have found in Smalt Capital a trusted partner, who shares our values and supports our ambitions,” says Jacques Margnat, President of Sophim. “This investment will allow us to double our production capacity at our two industrial sites, to meet strong demand for our products, especially internationally.

Based in 1996 and primarily based in Peyruis, within the south of France, Sophim distributes its beauty substances in additional than 60 international locations. One among its flagship merchandise, Phytosqualan, is a squalane that’s 100% of vegetable origin, constituted of olives. Developed within the firm’s R&D laboratory, the manufacturing of botanical squalane follows the rules of the round financial system, by recovering olive fatty acids, a uncooked materials that had been poorly recovered and whose native provide is most well-liked by Sophim to scale back its carbon footprint. A lot of the firm’s merchandise are authorized by the COSMOS label.

In our rapidly growing environment, sustainable development must remain a priority,” provides Alexis Margnat. “Ecological responsibility is at our heart and has always been an essential element in the development of our business project.

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