This operation, carried out thanks to Newfund, will enable the specialist in the distribution of compressed firewood to reach €1.5 million in revenues in 2013.
More than one after the operation of its competitor Poeleabois. com(read the article “Poeleabois.com warms up its capital by raising 110,000 euros“, of 05/04/13), it is the specialist of compressed and ecological firewood Brazeco which raises 500,000 euros from Newfund, the fund of François Véron. Objective: to reach 1.5 million euros of income in 2013. In 2011, the company had achieved a turnover of 184,500 euros, for nearly 28,000 euros in losses.
Via its commercial site, Brazeco distributes natural compressed logs made from sawdust and shavings. It offers individuals the opportunity to buy them in bags or pallets and also distributes wood pellets. The founders of the company retain control following this capital increase.