# Resourcify

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

- Industry: Software
- Headquarters: Hamburg, Germany
- Website: www.resourcify.de
- Total disclosed funding: $21M
- Latest round: Series A (May 26, 2023)
- Investors on record: 8

## About

Based in Germany, Resourcify GmbH provides a cloud-based platform for optimizing waste management and fostering circular economy initiatives across various sectors including manufacturing and healthcare.Resourcify GmbH specializes in waste management solutions, focusing on optimizing recycling and material reuse. Founded in Hamburg, Germany in 2015 by Felix Heinricy and Melina Muñoz, the company has evolved through strategic pivots in its business operations. In May 2023, the firm raised EUR 14 million in Series A funding led by Revent, with participation from multiple investors including BonVenture and Interzero Group, bringing the total amount raised to EUR 14 million and a current valuation of EUR 46.68 million.Resourcify offers a comprehensive digital platform designed to optimize waste management and promote circular economy practices. The core product is an all-in-one waste management operating system that facilitates take-back and recycling systems, ensuring valuable materials are reintegrated into the production cycle. This platform serves a diverse client base, including manufacturers, retailers, construction firms, and hospitals, providing tailored solutions that enhance recycling rates and operational efficiency. Its functionalities include automation, cost optimization, compliance management, and various take-back programs, enabling businesses to manage their waste streams effectively. Resourcify's services are actively utilized across several markets, including Germany, where businesses are increasingly prioritizing sustainability and circularity in their operations.In the year 2022, Resourcify generated revenue of EUR 709,702. It employs a subscription-based model, allowing clients to access its digital platform and waste management solutions. The B2B structure engages directly with businesses focused on improving waste management processes, processing over 3 million disposal orders annually, which indicates strong client engagement.Following its recent Series A funding round in May 2023, Resourcify GmbH plans to enhance its software-as-a-service platform aimed at reducing waste and promoting recycling and reuse of materials. The funding will facilitate the launch of new products designed to expand its capabilities in waste management. The company is also targeting expansion into new markets across Europe, aiming to establish a stronger presence by the end of 2024. This strategic plan aligns with the increasing demand for sustainable business practices in various sectors.

## Funding rounds

- Series A, May 26, 2023, $15M — BONVENTURE, Vorwerk Ventures, Speedinvest, Ananda Impact Ventures, Revent, WEPA Ventures, Interzero Group
- Seed, Dec 3, 2021, $5.7M — Speedinvest, Innovationsstarter Fonds Hamburg, Ananda Impact Ventures

## Investors

- Speedinvest (https://capitalatlas.ai/funds/speedinvest) — Seed, Series A
- Innovationsstarter Fonds Hamburg (https://capitalatlas.ai/funds/innovationsstarter-fonds-hamburg) — Seed
- Ananda Impact Ventures (https://capitalatlas.ai/funds/ananda-impact-ventures) — Seed, Series A
- BONVENTURE (https://capitalatlas.ai/funds/bonventure) — Series A
- Vorwerk Ventures (https://capitalatlas.ai/funds/vorwerk-ventures) — Series A
- Revent (https://capitalatlas.ai/funds/revent) — Series A
- WEPA Ventures (https://capitalatlas.ai/funds/wepa-ventures) — Series A
- Interzero Group — Series A