The Netherlands-based Chainable, a circular kitchen company, announced that it has raised €1.4M from impact investors Fair Capital Impact Fund and ifund.
Chainable says it will use the investment for further business growth and automation.
The idea of a circular kitchen has become popular in recent years, considering the unsustainable nature of traditional kitchens. Traditional kitchen utensils, in particular, become untenable since they leave large amounts of chipboard or medium-density fibreboard (MDF) waste.
To mitigate unmanageable kitchen waste from scrapped utensils and other waste, Chainable has developed a circular kitchen concept with minimal environmental impact.
Cees van Nispen, Simon Rombouts, and Jordy van Osch founded Chainable in 2020.
Nispen had the inspiration for circular kitchens after witnessing a lack of sustainable industry practices in the kitchen business during his 50 years of career in the industry.
To popularise circular kitchens, Chainable prioritizes business with clients from housing associations, investors, offices, healthcare, and educational institutions.
Chainable utilizes the “Kitchen-as-a-service” (KaaS) business model. Unlike permanent traditional kitchens, Chainable “rents” its circular kitchen services or sells them with a mandatory buy-back guarantee to clients.
The startup claims it has seen 200 percent annual growth with over 20 housing associations and dozens of other clients in its client portfolio.
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