# Cylib

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

- Industry: Energy Storage & Batteries
- Headquarters: Aachen, Germany
- Website: www.cylib.de
- Total disclosed funding: $71M
- Latest round: Series A (May 6, 2024)
- Investors on record: 11

## About

Founded in 2022 and based in Aachen, Germany, Cylib GmbH operates as a provider of recycling solutions for lithium-ion batteries. The company's management team is all from RWTH Aachen University. In May 2024, Cylib GmbH raised EUR 55 million in series A funding co-led by returning investor World Fund and new investor Porsche Ventures, with participation from other returning investors Vsquared Ventures, Speedinvest, and 10x Founders. New investors Robert Bosch Venture Capital, DeepTech and Climate Fund, NRW.BANK and individual investors also participated in the round.

The company's self-developed battery recycling technology has the function of CO2 emission reduction, base metal recovery and clean hydrometallurgy.

## Funding rounds

- Series A, May 6, 2024, $59M — Robert Bosch Venture Capital, Speedinvest, Porsche Ventures, Vsquared Ventures, World Fund, NRW.Venture, 10x Founders, DeepTech and Climate Fund, Leblon Capital, Wijdefjorden GmbH
- Seed, Feb 15, 2023, $8.5M — World Fund, 10x Founders
- Seed, Oct 7, 2022, $3.5M — Speedinvest, Vsquared Ventures, Blue Impact

## Investors

- Speedinvest (https://capitalatlas.ai/funds/speedinvest) — Seed, Series A
- Vsquared Ventures (https://capitalatlas.ai/funds/vsquared-ventures) — Seed, Series A
- Blue Impact (https://capitalatlas.ai/funds/blue-impact) — Seed
- World Fund (https://capitalatlas.ai/funds/world-fund) — Seed, Series A
- 10x Founders (https://capitalatlas.ai/funds/10x-founders) — Seed, Series A
- Robert Bosch Venture Capital (https://capitalatlas.ai/funds/robert-bosch-venture-capital) — Series A
- Porsche Ventures (https://capitalatlas.ai/funds/porsche-ventures) — Series A
- NRW.Venture (https://capitalatlas.ai/funds/nrw-venture) — Series A
- DeepTech and Climate Fund (https://capitalatlas.ai/funds/deeptech-and-climate-fund) — Series A
- Leblon Capital (https://capitalatlas.ai/funds/leblon-capital) — Series A
- Wijdefjorden GmbH — Series A