Tuesday , June 15 2021

Private Markets – IDDEA of SMEs, a specialist in the diagnostics of contaminated sites and soils, increases 300,000 euros with private individuals.

IDDEA, an engineering company specializing in environmental, water and amenities

The Research, Consulting and Engineering Service, IDDEA, born in 2007 under the leadership of Jacques Ergand and Stefan Sabatier, specializes in environmental, water and development. The company establishes soil diagnoses (contaminated soils), management plans (design, project management and project management support), conducts hydrogeological studies, and provides estimates of the cost of asbestos removal. 70% of its activity on contaminated land and soils.

SMEs have 33 employees in 4 sites and generate 4.5 million euro sales for an average of 300 projects per year. It is trusted by 1650 customers from all sectors. These include RATP, Army, Veolia, Total, Carrefour, or even PSA Peugeot Citroën and Société du Grand Paris. It is part of the JEI Ingénierie Group (19 million euros in consolidated sales).

His need for funding: the opening of the fifth agency

Already established in Orléan, Rouen, Nantes and Paleozo, the IDDEA adopted the decision in September 2018 as part of its development strategy to open a fifth branch in the Rhone-Alpes region. The aim of this strategic choice is to increase its presence in France and expand the company's customer base. The development costs associated with this opening were estimated at € 500,000.
In addition to a 200,000-euro capital injection, the company drew 300,000 euros from private individuals through the Look & Fin platform to make this investment.

Why borrow from individuals?

Jacques Ergand, founder and CEO of IDDEA SASA, said: "I was looking for an alternative to the banking system and especially a solution that would allow us to quickly and simply raise funds without having to provide a number of guarantees and personal guarantees. I find a great opportunity to turn to people who are willing to entrust some of their savings to a specific project that will create value and employment in our regions. Thanks to all who are anonymous about "useful" actions that we trust! ".

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