09.12.23
Sophim, a family company specializing in the manufacturing of natural ingredients for the cosmetic industry, has completed a $21.4 million funding round to finance its growth and target the milestone of becoming a mid-cap company.
This capital will double the company's production capacity at its two industrial sites and accelerate its international development. A partner of Sophim since 2014, Smalt Capital is the only financial investor in this $4.8 million funding round, alongside banking support and funding in recovery bonds.
With the funding round, company aims to move from a small-to-medium-sized company to that of a mid-cap. As the exclusive shareholder of this funding round, Smalt Capital reiterates its confidence in this company, which it has been supporting since 2014 and whose values it shares.
A Decade in the Making
This collaboration of nearly 10 years illustrates the long-term and local investor position that characterizes the management company. A committed investor and fully involved in the economic and social development of its region, Smalt Capital is convinced that companies such as Sophim that take ESG criteria into account in their development strategy will have the best growth prospects.
"We have found in Smalt Capital a trusted partner, who shares our values and supports our ambitions," saoid 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. "
Founded in 1996 and based in Peyruis, Sophim has distributed in more than 60 countries. Present in France, Spain and Asia, this family company supports its customers in their transition to greater naturality by offering ingredients that are essentially of natural, renewable and competitive origin.
Sophim has chosen green and sustainable cosmetics since its creation. One of its flagship products, Phytosqualan, is a squalane that is 100% of vegetable origin, made from olives. Developed in the company's R&D laboratory, the production of squalane follows the principles of the circular economy, by recovering olive fatty acids, a raw material that had been poorly recovered and whose local supply is preferred by Sophim to reduce its carbon footprint.