What is Recyda?
Recyda operates within the environmental technology and data management sectors, developing a sophisticated recycling database. This software tool consolidates critical parameters for packaging recyclability on a global scale, embedding country-specific research into a web application. The platform offers advanced packaging management features, aiming to streamline and enhance the understanding of recyclability across international markets. Based in Baden-Wuerttemberg, Germany, Recyda is positioned to be a key player in promoting circular economy initiatives through data-driven insights.
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 Speedinvest, Futury Capital, and Auxxo Female Catalyst Fund
Series A (2024): $6.8M led by Cusp Capital, Speedinvest, Auxxo Female Catalyst Fund, and Futury Capital
Key Investors in Recyda
Speedinvest
Speedinvest is a prominent European venture capital fund specializing in pre-Seed, Seed, and early-stage tech startups, with a focus on sectors like Climate Tech and SaaS Infra. They provide capital and extensive support to accelerate startup growth.
Futury Capital
Futury Capital invests in high-growth technology companies, particularly those in sustainable tech start-ups from the Rhine-Main region, aiming to foster innovation and real value creation through strategic capital allocation.
Auxxo Female Catalyst Fund
Auxxo Female Catalyst Fund is dedicated to co-investing in pre-seed and seed stage companies with female founders across Europe, leveraging significant investment and operational experience to promote gender equity in venture capital.
What's next for Recyda?
The recent major strategic investment and overall enterprise-level funding indicate Recyda's strong growth trajectory and market validation. This capital infusion is expected to fuel further development of its recycling database and web application, potentially expanding its international reach and enhancing its advanced packaging management features. The company's focus on data centralization for recyclability positions it to capitalize on increasing global regulatory pressures and corporate sustainability goals, suggesting a future focused on scaling operations and solidifying its role as a critical resource for the packaging industry.
See full Recyda company page
