# Cyclize

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cyclize

- Industry: Chemicals
- Headquarters: Leinfelden-Echterdingen, Germany
- Website: www.cyclize.de/
- Total disclosed funding: $5.1M
- Latest round: Seed (Feb 6, 2024)
- Investors on record: 4

## About

Founded in 2023 and based in Leinfelden-Echterdingen, Germany, Cyclize GmbH provides a solution to replace fossil feedstock using plastic waste and Co2.  The company was co-founded by Maike Lambarth (CEO), Stephan Renninger, Jan Stein, and Dominik Novakovic. In February 2024, the firm raised EUR 4.75 million in Seed funding led by UVC Partners, with participation from investors High-Tech Gründerfonds (HTGF), Aurum Impact, UnternehmerTUM Funding for Innovators, and individual investors.

The company provides technology for the chemical industry's defossilization, utilizing CO2 and mixed plastic waste as fuel to create syngas, a hydrogen and carbon monoxide gas mixture. The company's plasma technology will enable the conversion of waste plastics into novel intermediate chemicals, which are then utilized to make new goods. Both CO2 emissions and the pollution caused by plastic trash may be reduced with this strategy.

The company plans to use the February 2024 funding to further develop its plasma technology and expand its company.

## Funding rounds

- Seed, Feb 6, 2024, $5.1M — High-Tech Gruenderfonds, Unternehmertum Venture Capital, UnternehmerTUM Initiative For Industrial Innovators, Aurum Impact

## Investors

- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed
- Unternehmertum Venture Capital (https://capitalatlas.ai/funds/unternehmertum-venture-capital) — Seed
- UnternehmerTUM Initiative For Industrial Innovators — Seed
- Aurum Impact (https://capitalatlas.ai/funds/aurum-impact) — Seed