Key Takeaways
- Recyda, a German package recycling platform start-up, raises €1.75 million in funding
- The company will focus on expanding to new international markets, product development, and hiring new talent
- The SaaS platform helps businesses assess packaging recyclability based on global regulations
Funding Details
| Investors | Round | Amount Raised |
|---|---|---|
| Speedinvest, Futury Capital | Pre-seed (2021) | – |
| Speedinvest, Futury Capital, | Seed (Current) | €1.75 million |
| Auxxo Female Catalyst Fund, | ||
| Dr. Stephan Rohr, Benedikt | ||
| Franke, Martin Weber |
Expanding Markets and Enhancing the Platform
Recyda’s recent funding round was led by Speedinvest and existing investor Futury Capital, along with Auxxo Female Catalyst Fund and angel investors Dr. Stephan Rohr (TWAICE), Benedikt Franke (Helpling Group), and Martin Weber (one • fıve). The €1.75 million raised will enable the company to enter new international markets and further develop its platform. Additionally, the funds will be used to hire new talent, driving innovation and meeting customer demands.
Innovative Software for a Sustainable Future
Founded in 2020 by Vivian Loftin, Anna Zießow, and Christian Knobloch, Recyda offers a SaaS platform that allows businesses and brands to assess the recyclability of packaging based on international regulations. The software aims to simplify the process of meeting sustainable packaging requirements for various markets and optimize reporting obligations.
Recyda’s co-founder and co-CEO, Christian Knobloch, emphasizes the company’s commitment to a sustainable future in which resources are used wisely, and valuable materials are kept in the recycling loop. With this new funding, Recyda is well-positioned to bring its innovative software to a broader audience and create a significant impact on the packaging industry.
