KIKK Capital and Oost NL have invested in HYGENIQ, a Dutch company that develops and produces eco-friendly and safe cleaning products
Globally, the B2B market uses around 25 million kilos of toxic and poorly degradable cleaning materials per day. Every year, these chemicals pollute approximately 182.5 billion liters clean drinking water. Part of it can be purified, but 30% of those chemicals end up in surface water. Traditional chemical cleaners are not only bad for the environment but in some cases also cause diseases and other health problems.
HYGENIQ, a company based in Enschede, develops and produces cleaning products that are 'greener' than most other eco-friendly products on the market. "It is time that we stop the inflow of non-renewable, harmful and toxic substances," says Marcel in het Veld, CEO. With a clever combination of green raw materials and unique production technologies developed in-house, HYGENIQ's products meet the high demands of the B2B market. Companies such as KLM, Bosch, Hanos and Center Parcs use these products on a daily basis and are therefore pioneers in the field of sustainability.
HYGENIQ develops the cleaning products in its own R&D laboratory and sells them to the Dutch B2B market. Marcel in het Veld: "We already have a good market position in the Netherlands. Our ambition is to also supply our products internationally as well as to the consumer market. The investment will enable us to accelerate HYGENIQ's growth."
Patrick Lems, Senior Investment Manager at KIKK Capital: "From the very first interview, we were impressed by HYGENIQ's cleaning solutions and performance. This innovative company has already sold a considerable number of products to many well-known companies. Our investment will help HYGENIQ to realise its international ambition in the B2B market and to respond effectively to the increasing demand from consumers who would like to use the eco-friendly and safe products at home. Given the unique products and the experience and drive of the management team, we are confident that HYGENIQ will grow into a beautiful and valuable company in the B2C market."