# Descycle

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

- Industry: Environmental Services
- Headquarters: London, UK
- Website: www.descycle.com
- Total disclosed funding: $13M
- Latest round: Series A (Nov 15, 2024)
- Investors on record: 8

## About

Based in London, UK, and co-founded by Rob Harris in 2018, Argo Natural Resources Ltd. doing business as Descycle operates as a developer of processes and clean technology for metal recovery and recycling. In November 2024, Descycle raised GBP 10.2 million in series A funding co-led by new investors Business Growth Fund and Vorwerk Ventures, with participation from returning investors TSP Ventures, Green Angel Syndicate, and CPI. Other new investors Cisco Investments, Kadmos Capital, Nesta, and other unspecified investors also participated in the round. The company is working on the development of low-impact metal processing technologies underpinned by chemistry, under the guidance of the UN Sustainable Development Goals, called deep eutectic solvents (DES). DES is a tailorable method for the recycling and recovery of valuable metals, at low cost and zero emission. Descycle’s solutions aim to eliminate or drastically lower CO2 emissions, remove the need for highly toxic chemicals, replace energy-intensive smelters, and recycle metals efficiently with minimal environmental impact. As of April 2023, the company is working on the recycling processes for applications across the metals industry, including e-waste, battery, and critical metals linked to electrification and electric vehicle. The company plans to utilize its November 2024 grant to advance its DES technology to the industrial level by building both pilot and commercial plants in the UK.

## Funding rounds

- Series A, Nov 15, 2024, $13M — BGF Investment Management, Vorwerk Ventures, Cisco Investments, Nesta, Green Angel Syndicate, TSP Ventures, Kadmos Capital, CPI

## Investors

- BGF Investment Management (https://capitalatlas.ai/funds/bgf-investment-management) — Series A
- Vorwerk Ventures (https://capitalatlas.ai/funds/vorwerk-ventures) — Series A
- Cisco Investments (https://capitalatlas.ai/funds/cisco-investments) — Series A
- Nesta (https://capitalatlas.ai/funds/nesta) — Series A
- Green Angel Syndicate (https://capitalatlas.ai/funds/green-angel-syndicate) — Series A
- TSP Ventures (https://capitalatlas.ai/funds/tsp-ventures) — Series A
- Kadmos Capital (https://capitalatlas.ai/funds/kadmos-capital) — Series A
- CPI — Series A