# Hubcycle

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

- Industry: Environmental Services
- Headquarters: France
- Website: www.hubcycled.com
- Total disclosed funding: $18M
- Latest round: Series A (Oct 4, 2024)
- Investors on record: 7

## About

Based in Avignon, France, and founded in 2016 by Julien Lesage, Hubcycle SAS engages in turning fruit and vegetable waste into raw materials that primarily serve the food and cosmetics industries.In October 2024, Hubcycle SAS raised EUR 15 million in venture funding led by ETF Partners. The company’s product line includes a wide range of innovative and high-performance ingredients, developed from co-products, which includes C415X organic soy okara, C457X freeze-dried dragon fruit powder, C511X Organic IQF broccoli stalks, C492X black peppercorn seedcoat powder, C102X blackcurrant seeds, C484X golden flaxseed defatted flour, and C391X cocoa husk, whole. In addition, the firm offers a mobile application to make upcycling accessible to the entire industry. The company will use the October 2024 funding to scale its upcycling model on the international level.

## Funding rounds

- Series A, Oct 4, 2024, $16M — SWEN Capital Partners, ETF Partners, Citizen Capital, Daphni, RAISE, Bleu Capital, Techmind
- Seed, May 3, 2021, $1.5M — SWEN Capital Partners, Daphni

## Investors

- SWEN Capital Partners (https://capitalatlas.ai/funds/swen-capital-partners) — Seed, Series A
- Daphni (https://capitalatlas.ai/funds/daphni) — Seed, Series A
- ETF Partners (https://capitalatlas.ai/funds/etf-partners) — Series A
- Citizen Capital (https://capitalatlas.ai/funds/citizen-capital) — Series A
- RAISE (https://capitalatlas.ai/funds/raise) — Series A
- Bleu Capital (https://capitalatlas.ai/funds/bleu-capital) — Series A
- Techmind (https://capitalatlas.ai/funds/techmind) — Series A