# Recycleye

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

- Industry: Environmental Services
- Headquarters: London, UK
- Website: www.recycleye.com
- Total disclosed funding: $24M
- Latest round: Series A (Jan 26, 2023)
- Investors on record: 9

## About

Based in the UK, Recycleye Ltd. operates as a pioneer in AI-powered waste sorting solutions, enhancing efficiency and sustainability in waste management.Recycleye Ltd. was founded in 2019 and is headquartered in London, UK. The company specializes in AI-driven technology for waste sorting, aiming to improve operational efficiencies in the recycling sector. Founded by Liam Conner and Victor Dewulf, Recycleye has successfully completed four funding rounds, with the most recent being a Series A investment of GBP 14.00 million on January 26, 2023, led by Data Collective. This funding round included participation from Atypical Ventures, Creator Fund, MMC Ventures, Playfair Capital, Promus Ventures, and Seaya Ventures. The total amount raised by the company stands at GBP 14.00 million, reflecting its current valuation of GBP 46.353 million.Recycleye specializes in AI-powered sorting equipment and analytics tailored for waste management businesses globally. The company’s core offerings include the Recycleye QualiBot®, a robotic sorting system, and the Recycleye QuantiSort®, which provides advanced analytics for optimizing waste sorting processes. These products enhance operational efficiency by accurately sorting materials such as plastics, fibers, cartons, and electronic waste components, effectively transforming waste into valuable resources. Recycleye’s solutions cater to a diverse client base, including recycling facilities and waste management companies, primarily in Europe, North America, and Asia, addressing challenges like increasing purity in sorted materials and reducing labor costs.Recycleye generates revenue through B2B transactions with its clients, primarily involving the sale of its flagship products, including the Recycleye QualiBot® and Recycleye QuantiSort®. These transactions typically occur via contractual agreements, where clients purchase or lease the robotic sorting equipment and subscribe to the analytics services for ongoing operational support. The pricing structure includes one-time equipment costs complemented by subscription fees for continuous software updates and analytics, thereby providing clients with enhanced sorting capabilities over time. Recycleye's commitment to improving operational efficiencies positions it as a valuable partner in the waste management sector.Following the recent Series A funding of GBP 14.00 million raised on January 26, 2023, led by Data Collective, Recycleye plans to utilize these resources to further develop its clean technology. The company aims to expand its offerings with upcoming products designed to enhance waste sorting capabilities. Additionally, Recycleye is targeting market expansion into new geographic regions, specifically focusing on North America and Asia, within the next two years. This growth strategy aligns with their commitment to advancing sustainable waste management solutions.

## Funding rounds

- Series A, Jan 26, 2023, $17M — MMC Ventures, DCVC, Playfair Capital, Promus Ventures, Seaya Ventures, Atypical Ventures, Creator Fund
- Seed, Jun 28, 2021, $4.7M — MMC Ventures, Playfair Capital, Promus Ventures, Atypical Ventures, Creator Fund
- Seed, May 21, 2020, $1.5M — MMC Ventures, London Waste and Recycling Board, Playfair Capital, Eolos, Atypical Ventures, Creator Fund

## Investors

- MMC Ventures (https://capitalatlas.ai/funds/mmc-ventures) — Seed, Series A
- London Waste and Recycling Board — Seed
- Playfair Capital (https://capitalatlas.ai/funds/playfair-capital) — Seed, Series A
- Eolos — Seed
- Atypical Ventures (https://capitalatlas.ai/funds/atypical-ventures) — Seed, Series A
- Creator Fund (https://capitalatlas.ai/funds/creator-fund) — Seed, Series A
- Promus Ventures (https://capitalatlas.ai/funds/promus-ventures) — Seed, Series A
- DCVC (https://capitalatlas.ai/funds/dcvc) — Series A
- Seaya Ventures (https://capitalatlas.ai/funds/seaya-ventures) — Series A