French food donation and waste recovery startup Phenix has completed a 15 million euros ($17.1 million) financing round.

Phenix plans to use the new funding to accelerate its international development and invest in the development of new digital services.

The startup will also use the funds to expand its activity towards the management of other waste streams.

Phenix raised the funds from British venture capital firm Environmental Technologies Fund Partners, French investment bank Bpifrance, Sofiouest, a venture arm of the SIPA Ouest France Group and cooperative bank Arkéa.