# e-Recycle

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/e-recycle

- Industry: Environmental Services
- Headquarters: Lyon, France
- Website: https://fr.e-recycle.com/
- Total disclosed funding: $1.4M
- Latest round: Series A (Sep 11, 2023)
- Investors on record: 2

## About

Based in France, and founded in 2014, e-Recycle SAS operates as an environmental service company specializing in the repurchase and sale of used electronic products. In September 2023, the firm raised EUR 1.5 million in venture funding led by investor Demeter IM, with participation from another investor Siparex.

The company offers a platform for individuals and businesses to resell and purchase electronic devices like smartphones, tablets, Apple iPhone, Samsung Galaxy, etc. e-Recycle’s core service, Take-back & Recycling, allows customers to sell their electronic devices, with the potential to receive up to €1,444 in return. Each product received in their workshops undergoes thorough useful recycling after diagnostics, testing, and cleaning, providing the gadgets with a second lease on life, and contributing to both economic and ecological sustainability. Moreover, the products are then resold on the second-hand market, offering consumers access to recent smartphones at affordable prices, all backed by a minimum 1-year guarantee.

e-Recycle generates its revenue by selling the refurbished phone through its e-commerce website and mobile application avaialble in the App Store. Some of the products offered by the firm include the Samsung Galaxy S9 starting from EUR 139.9, iPhone 11 starting from EUR 319, iPad 10.2 4G starting from EUR 349.90, iPad Pro 11 starting from EUR 899.9, etc.

The company plans to utilize its September 2023 funding to accelerate the industrialization of its production tools and products.

## Funding rounds

- Series A, Sep 11, 2023, $1.4M — Siparex, Demea Invest

## Investors

- Siparex (https://capitalatlas.ai/funds/siparex) — Series A
- Demea Invest (https://capitalatlas.ai/funds/demea-invest) — Series A