Phenix

Phenix offers a digital platform that helps businesses reduce unsold inventory waste. It connects companies with secondary markets and charities to redistribute surplus products, minimizing environmental impact and creating social value.

Paris, FranceFounded 2014530

Updated 2 months ago

Funding

$15M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.

Funding rounds are not available yet.

Founders

Product

Problem

Businesses face significant challenges in managing unsold inventory, leading to substantial waste and financial losses. This surplus, whether due to overstocking, short-dated products, or minor cosmetic imperfections, often ends up discarded, contributing to environmental strain and missed opportunities for social good.

Solution

Phenix provides a comprehensive digital platform designed to mitigate waste and facilitate the redistribution of unsold products across various business sectors. The platform offers tailored solutions for managing short-dated inventory, optimizing product donations to charities, and creating consumer-facing anti-waste initiatives. By connecting businesses with secondary markets and charitable organizations, Phenix enables the efficient repurposing of surplus goods, thereby reducing environmental impact and fostering community support.

Target Audience

The primary target audience includes retailers (supermarkets, hypermarkets, local shops), food producers, wholesalers, and industrial distributors seeking to reduce waste and monetize surplus inventory.

Features

A centralized digital platform for managing unsold inventory across food and non-food sectors.
Tools for optimizing product donations to a network of over 1,500 partner charities.
Features for creating and managing "anti-waste baskets" for direct consumer purchase at reduced prices.
Inventory management modules for tracking short-dated products and facilitating their timely redistribution.
Data analytics and reporting capabilities to track waste reduction metrics, donation volumes, and associated tax benefits.
Compliance support for anti-waste regulations, including the AGEC law and biodéchet sorting requirements.
A mobile application for consumers to discover and purchase discounted unsold products from local businesses.
Partnership management tools to streamline collaboration with charities and logistics providers.