Pyxo
Pyxo is accelerating the transition to zero waste for restaurants and food distributors thanks to a digital solution allowing them to deploy reusable containers on a large scale.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor investor | €0.0 | round |
| investor investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
| EUR | 2019 | 2020 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | (95 %) |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Company filings or news article
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Pyxo provides a comprehensive technology platform for managing reusable food and beverage containers, targeting the restaurant and corporate catering sectors. The company was established in 2017 by Benjamin Peri, François des Beauvais, and Mélanie Dinane. The inspiration for the company came when co-founder and CEO, Benjamin Peri, observed overflowing garbage cans filled with single-use packaging at a Paris fair, sparking the mission to create a sustainable alternative.
The firm’s core business revolves around a platform that facilitates the transition from single-use to reusable packaging for its clients. This is particularly relevant given regulatory shifts, such as the 2023 French anti-waste law that mandates reusable packaging in restaurants. Pyxo's business model involves providing a turnkey solution that includes the containers themselves, known as PyxoBoxes, and the technological infrastructure to manage them. Clients include major corporations like Sodexo and McDonald's, as well as food tech companies such as Foodles and Popchef. Revenue is generated by selling the PyxoBoxes to restaurants and renting collection points to corporate clients.
The service offers a complete ecosystem for reusable packaging management. Each container is equipped with a unique identifier, like a QR code or an RFID/NFC chip, allowing for tracking throughout its lifecycle. This technology stack manages the logistics of the entire value chain, including container tracking, inventory management, washing, and restocking. For the end consumer, the system is designed for convenience; they can return the container to any collection point within the network, not just the original restaurant. To encourage returns, Pyxo utilizes methods like deposit systems and gamification. The PyxoBoxes are manufactured in France, are BPA-free, and are designed to be durable with a long dishwasher warranty.
Keywords: reusable packaging, food service, circular economy, waste reduction, container tracking, logistics management, food tech, corporate catering, sustainability, RFID tracking, QR code, packaging as a service, cleantech, restaurant solutions, anti-waste law, deposit return scheme, smart packaging, turnkey solutions, food distribution, container management