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Corporation
spadel.com

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About Spadel

Spadel (EBR: SPA) specializes in the production of natural mineral water, spring water, and natural fruit drinks. The brands of Spadel are: Spa (Spa-Monopole, Belgium), Bru (Lorce, Belgium), Wattwiller (Wattwiller, France), Carola (Ribeauville, France), and Brecon Carreg (Trapp, Wales).

Spadel Headquarter Location

Avenue des Communautes 110 Woluwe-Saint-Lambert

Brussels, B-1200,

Belgium

+32 (0)2 702 38 11

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Latest Spadel News

Belgium’s Spadel, owner of Bulgarian bottled water maker Devin, launches EUR 10m venture capital fund

Jul 7, 2021

Belgium’s Spadel, owner of Bulgarian bottled water maker Devin, launches EUR 10m venture capital fund © Devin EAD Belgian group Spadel , owner of Bulgarian bottled water producer Devin EAD, is setting up a venture capital fund called The Source. Initially, the fund will have EUR 10m under management. The money will be invested in startups that have ideas and projects in the field of natural waters ,drinks, sustainable packaging, digital technologies, hydration solutions, and recycling. Startup projects from Bulgaria can also apply for funding. “There are young people with bold ideas, business knowledge, and visionary attitude in Bulgaria. Innovation is at the bottom of the business strategy of all companies that are part of the Spadel group, including Devin,” said Borislava Nalbantova, CEO of Devin EAD, encouraging all startups with good ideas in the sector to get in contact and apply for support and access to know-how. © Spadel The first investment of The Source was in Belgian startup Contraynor, allowing users to order drinks online which are then delivered at home using 100 % electric vans. Since its launch, Contaynor has had a very promising start. The start-up is also aiming to cover other major Belgian cities by the end of 2022. Shares

Spadel Acquisitions

1 Acquisition

Spadel acquired 1 company. Their latest acquisition was Devin on December 19, 2016.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/19/2016

Acq - Fin

$991

Acquired

3

Date

12/19/2016

Investment Stage

Acq - Fin

Companies

Valuation

$991

Total Funding

Note

Acquired

Sources

3

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