# Recyda

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

- Industry: Software
- Headquarters: Freiburg im Breisgau, Germany
- Website: www.recyda.com
- Total disclosed funding: $8.6M
- Latest round: Series A (Jun 25, 2024)
- Investors on record: 4

## About

Based in Germany, Recyda GmbH focuses on innovative packaging sustainability management solutions, helping companies enhance recyclability and comply with regulations through a centralized software platform.Recyda GmbH, founded in 2020 in Freiburg im Breisgau, Germany, specializes in packaging sustainability solutions. The company has engaged in three deals, with its most recent funding round being a Series A on June 25, 2024, where it raised EUR 6.3 million led by Cusp Capital, alongside investors Speedinvest and AUXXO. Founders Anna Zießow, Christian Knobloch, and Vivian Loftin have previously spearheaded initiatives aimed at sustainability in the packaging sector.Recyda specializes in packaging sustainability management software designed to assist companies in analyzing and optimizing the recyclability of their packaging portfolios. The core product enables users to assess packaging according to national and international industry standards, calculate eco-modulated Extended Producer Responsibility (EPR) fees and plastic taxes across various European countries, and manage packaging data efficiently from a centralized platform. The software caters to a diverse clientele, including global corporations in consumer goods and manufacturing, helping them navigate complex regulations while enhancing sustainability practices.Recyda generates revenue primarily through a subscription-based model for its software solutions, allowing clients ongoing access to its packaging sustainability management tools. Customers typically enter into annual contracts that include comprehensive support and updates, ensuring seamless integration with existing systems. Services include detailed reporting and data management functionalities, facilitating the accurate calculation of potential financial commitments related to EPR fees and taxes, tailored to the scale and regulatory needs of each client.Following its Series A funding of EUR 6.3 million on June 25, 2024, led by Cusp Capital, Recyda GmbH plans to utilize this investment to accelerate product growth and business expansion. The company aims to develop new features and products tailored to evolving market needs. Additionally, Recyda is targeting expansion into broader European markets to enhance its reach and support companies in compliance with stringent recycling regulations. This funding will allow the company to strengthen its infrastructure and marketing efforts to facilitate this growth.

## Funding rounds

- Series A, Jun 25, 2024, $6.7M — Speedinvest, AUXXO, Cusp Capital
- Seed, Jan 27, 2023, $1.9M — Speedinvest, Futury Capital, AUXXO
- Seed, Aug 11, 2021 — Futury Capital

## Investors

- Futury Capital (https://capitalatlas.ai/funds/futury-capital) — Seed
- Speedinvest (https://capitalatlas.ai/funds/speedinvest) — Seed, Series A
- AUXXO (https://capitalatlas.ai/funds/auxxo) — Seed, Series A
- Cusp Capital (https://capitalatlas.ai/funds/cusp-capital) — Series A