What is Recyda?
Recyda operates within the environmental technology sector, providing a crucial software tool that consolidates research on country-specific recyclability parameters for packaging. Its web application offers a comprehensive database and advanced packaging management features, aiming to standardize and simplify information on packaging recyclability on a global scale. Based in Baden-Wuerttemberg, Germany, Recyda addresses the growing need for accessible and accurate data in the circular economy, supporting businesses in their sustainability efforts.
How much funding has Recyda raised?
Recyda has raised a total of $8.7M across 2 funding rounds:
Other Financing Round
$1.9M
Series A
$6.8M
Other Financing Round (2023): $1.9M with participation from Futury Capital, Auxxo Female Catalyst Fund, and Speedinvest
Series A (2024): $6.8M led by Futury Capital, Cusp Capital, Auxxo Female Catalyst Fund, and Speedinvest
Key Investors in Recyda
Futury Capital
Futury Capital is a venture capital firm that invests in high-growth technology companies, with a focus on sustainable investments in tech start-ups. They actively support innovation and growth, particularly in sectors like green tech and data & AI, aiming to foster a sustainably growing ecosystem.
Auxxo Female Catalyst Fund
Auxxo Female Catalyst Fund is dedicated to co-investing in pre-seed and seed stage companies across Europe, specifically supporting female founders. The fund leverages extensive investment and operational experience to promote equitable representation in venture capital.
Speedinvest
Speedinvest is a European venture capital fund providing capital and hands-on support to pre-Seed, Seed, and early-stage tech startups. Their investment focus spans Deep Tech, Fintech, Health Bio, Climate Tech, and SaaS Infra, aiming to accelerate the growth of innovative companies.
What's next for Recyda?
The recent Series A investment signifies a pivotal growth phase for Recyda, positioning the company for accelerated scaling and market expansion. With substantial backing from strategic investors, Recyda is poised to enhance its software capabilities, broaden its database coverage, and strengthen its market presence. This capital infusion will likely fuel further research and development, enabling Recyda to solidify its position as a leader in providing essential data for packaging recyclability, thereby contributing to global sustainability initiatives.
See full Recyda company page
