Boston, MA – April 15, 2025 – Spare-it, the leader in in-building waste metering, announced today the
closing of a US$4 million equity financing round led by Crédit Mutuel Equity, with continued support
from Etablissements Peugeot Frères and Robin Capital. The funding will accelerate the development
of Spare-it’s AI-powered platform and support its global expansion as organizations increasingly
seek data-driven solutions to address the growing solid waste crisis.

With global solid waste projected to increase by 80% by 2050, reaching 3.78 billion tons annually, the
imperative for accurate, scalable waste data has never been more critical. Spare-it addresses this challenge with the first and only real-time waste metering platform designed for commercial and institutional buildings. Utilizing a network of WiFi-free smart scales and photo-based data collection, Spare-it empowers organizations to identify contamination, reduce waste, and achieve significant resource and cost savings.

“The Spare-it team has developed an innovative platform that leverages AI to bridge the waste data gap for leading organizations,” said Ludovic Andre, Managing Director Canada, Crédit Mutuel. “Their ability to
deliver granular insights at scale is transformative, and their flexible technology enables seamless
deployment and growth, making Spare-it a compelling investment with significant impact potential.”
Spare-it.com website

In conjunction with the financing, Spare-it expanded its board with three seasoned leaders: Ludovic Andre who brings deep expertise in strategic investment and M&A; Eric Gelle, SVP of Sales SaaS, who is known for driving SaaS growth and scaling high-performing sales teams; and Cynthia Curtis, a recognized voice in corporate sustainability, formerly with JLL.

“This investment underscores the growing recognition that authentic, actionable waste data is essential for businesses to drive meaningful change,” said Laurent Canneva, CEO of Spare-it. “We’re proud to see
industry leaders across technology, consulting, finance, and real estate scale with Spare-it – expanding from single buildings to entire campuses and global portfolios.”

With this latest funding, Spare-it plans to accelerate the introduction of AI-powered predictive models,
benchmarking tools, and personalized waste reduction strategies using aggregated data across its network. The company will also enhance its API integration, providing clients with greater flexibility to connect waste data to ESG reporting systems and building management platforms.

This milestone marks a significant step for Spare-it as it continues to expand its footprint and support
organizations committed to achieving measurable progress toward waste reduction and sustainability goals.

About Spare-it
Spare-it is the first in-building waste metering platform that transforms how organizations measure, report, and manage waste. Using a secure system of WiFi-free scales, photo data, and AI, Spare-it offers
unparalleled visibility to reduce waste, streamline sourcing, and drive resource and cost savings across
industries, including offices, retail, real estate, higher education, and large venues. By turning zero waste into a team effort, Spare-it makes sustainability goals tangible, attainable, and motivating for everyone involved.

About Crédit Mutuel Equity
Crédit Mutuel Equity is the Private Equity arm of Crédit Mutuel Alliance Fédérale and carries out venture
capital, growth capital and buyout activities.

Crédit Mutuel Equity supports business leaders at all stages of their companies’ development, from seed
phase to buyout, by providing them with the means and the time required to implement their transformation plan. Crédit Mutuel Equity brings together a network of over 350 business leaders and entrepreneurs who share similar beliefs and can benefit from one another’s experience, no matter the nature of their challenges. From its own funds (€4 billion), Crédit Mutuel Equity finances investments tailored to the time horizons and growth strategies of the companies, whether in France, Germany, Switzerland, Belgium or Canada.

For more information: Spare-it Media Contact prt@Spare-it.com or www.creditmutuel-equity.eu