What is Hub.cycle?
Hub.cycle operates at the intersection of green technology and industrial manufacturing. The company specializes in the up-cycling of fruit and vegetable waste, converting discarded organic matter into functional raw materials. This process not only mitigates the environmental impact of food waste but also provides a sustainable alternative for manufacturers seeking to reduce their carbon footprint. By integrating these up-cycled components into their production lines, Hub.cycle's partners in the personal care and food industries can enhance their sustainability credentials while maintaining product quality. The company's strategic location in France allows it to leverage a dense network of agricultural producers, ensuring a consistent and high-quality supply of raw materials for its proprietary conversion processes.
How much funding has Hub.cycle raised?
Hub.cycle has raised a total of $3.5M across 2 funding rounds:
Other Financing Round
$1.8M
Series A
$1.7M
Other Financing Round (2021): $1.8M with participation from Cédric Sellin, Sofiane Ammar, SWEN Capital Partners, Daphni, and Jean-Charles Morisseau
Series A (2021): $1.7M led by Daphni, SWEN Capital Partners, Jean-Charles Morisseau, Sofiane Ammar, and Cedric Sellin
Key Investors in Hub.cycle
Daphni
Daphni is a Paris-based venture capital firm that invests in tech startups with a European focus and international ambitions, emphasizing a human-driven, community-powered approach to venture capital.
SWEN Capital Partners
SWEN Capital Partners is a responsible investor specializing in private equity, infrastructure, and private debt, with a strong focus on Tech for Good and Climate Impact initiatives.
Jean-Charles Morisseau
An individual investor participating in the funding round, contributing to the strategic growth and development of Hub.cycle.
What's next for Hub.cycle?
With this major enterprise-level funding, Hub.cycle is poised to accelerate its operational expansion and deepen its research and development capabilities. The capital will likely be deployed to scale processing facilities and broaden the company's reach within the European market. As the demand for sustainable, circular-economy-compliant ingredients continues to rise, Hub.cycle is well-positioned to capture significant market share. Future strategic initiatives will likely focus on optimizing the supply chain for organic waste collection and diversifying the range of raw materials produced, further cementing the company's role as a leader in the sustainable ingredient space.
See full Hub.cycle company page
