# Polystyvert

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

- Industry: Environmental Services
- Headquarters: Canada
- Website: www.polystyvert.com/
- Total disclosed funding: $16M
- Latest round: Series B (Jul 8, 2024)
- Investors on record: 3

## About

Polystyvert Inc., based in Canada, specializes in the innovative recycling of polystyrene, utilizing proprietary technologies to transform waste into high-quality recycled materials for various applications.Founded in 2011, Polystyvert Inc. focuses on recycling polystyrene through a unique dissolution technology. The company has undergone strategic growth and development, leading to its recent funding initiatives. Solenne Gaillot is the founder, and Nathalie Morin currently serves as CEO. In July 2024, Polystyvert raised USD 16.00 mn in Series B funding, led by Infinity Recycling, with participation from Earth Foundry and SWEN BLUE OCEAN.Polystyvert specializes in the innovative recycling of polystyrene, utilizing a proprietary dissolution technology that effectively processes all types of polystyrene, including expanded, extruded, and injected forms. The core product offering is high-quality recycled polystyrene, which can be re-extruded or re-injected, enabling various applications that utilize 100% recycled material. This technology allows for the rapid dissolution of polystyrene in an essential oil, effectively separating it from contaminants such as paper, cardboard, and metals. As a result, Polystyvert's recycled polystyrene pellets are suitable for traditional applications like extrusion and injection molding, serving various industries including packaging, construction, and consumer goods. The company operates globally, seeking to expand its reach by forming partnerships and licensing its technology to a diverse range of clients worldwide.Polystyvert generates revenue through a business model that encompasses partnerships, licensing agreements, and direct sales of its recycling technology and processed products. Collaborations with government and private sector partners, including major international corporations, aim to meet environmental sustainability goals. Transactions typically involve the sale of recycled polystyrene pellets to manufacturers and firms in need of sustainable raw materials. The revenue structure is supported by licensing its innovative recycling technology, enabling third parties to utilize Polystyvert’s methods in their operations, thus promoting environmental sustainability.In July 2024, Polystyvert Inc. raised USD 16.00 mn in Series B funding, which will be utilized to construct its first commercial plant in Quebec for recycling severely contaminated polystyrene trash. The company plans to enhance its market presence by targeting new partnerships and licensing opportunities, with an emphasis on expanding into additional geographic regions to broaden its impact on polystyrene recycling.

## Funding rounds

- Series B, Jul 8, 2024, $16M — SWEN BLUE OCEAN, Infinity Recycling, Earth Foundry

## Investors

- SWEN BLUE OCEAN — Series B
- Infinity Recycling (https://capitalatlas.ai/funds/infinity-recycling) — Series B
- Earth Foundry (https://capitalatlas.ai/funds/earth-foundry) — Series B