# Terracle

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

- Industry: Materials
- Headquarters: Busan, South Korea
- Website: https://www.terracle.im/
- Total disclosed funding: $7.9M
- Latest round: Series A (Mar 18, 2024)
- Investors on record: 5

## About

Based in Busan, South Korea, and founded in 2021, Terracle manufactures recycled plastic and clothing such as terephthalic acid and ethylene glycol. In March 2024, Terracle raised KRW 10.5 billion in series A funding led by investors Envisioning Partners, DSC Investment, Hyundai Motor Zero One, Korea Development Bank, and Schmidt.

Terracle's products utilize depolymerization technology, enabling the recycling of various plastic wastes that are non-recyclable. The company ensures that the recycled materials maintain the same quality, including colour and physical properties. The depolymerization technology boasts short reaction times, operates at low temperatures, and functions at atmospheric pressure, ensuring a sustainable and cost-effective recycling solution.


The company plans to use the funding to build a depolymerization facility to cater to a larger capacity.

## Funding rounds

- Series A, Mar 18, 2024, $7.9M — Korea Development Bank, DSC Investment, Schmidt, Envisioning Partners, Hyundai Motor Zero One

## Investors

- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series A
- DSC Investment (https://capitalatlas.ai/funds/dsc-investment) — Series A
- Schmidt (https://capitalatlas.ai/funds/schmidt) — Series A
- Envisioning Partners (https://capitalatlas.ai/funds/envisioning-partners) — Series A
- Hyundai Motor Zero One — Series A