Fundz

Squaring The Circle On Recycled Batteries, Germany's Cylib Extends Seed Round Out To €11.6 Million

PRIVATEFeb 15, 2023

Round Type

Seed

AachenManufacturing

Investors

VsquaredKarim JalboutKai HansenSpeedinvestVsquared Ventures10x FoundersWorld Fund

Description

Aachen-based cylib recently secured an €8 million extension to its seed round, bringing its total for the round to €11.6 million.

Quick answer

cylib raised an undisclosed amount in a Seed round, dated February 15, 2023. Investors: Vsquared, Karim Jalbout, Kai Hansen, Speedinvest, Vsquared Ventures, 10x Founders and World Fund. cylib is based in Aachen, North Rhine Westphalia, Germany.

How much did cylib raise?
cylib raised an undisclosed amount in a Seed round on February 15, 2023.
Who invested in cylib?
Vsquared, Karim Jalbout, Kai Hansen, Speedinvest, Vsquared Ventures, 10x Founders and World Fund are named as investors in this round.
What does cylib do?
cylib GmbH is a research-based company for holistic battery recycling enabling the green energy transition by ensuring the supply of sustainable raw materials for the battery industry. cylib's proprietary end-to-end..
Where is cylib based and how big is it?
cylib is based in Aachen, North Rhine Westphalia, Germany. Fundz records about 121 employees.
Who are the decision-makers at cylib?
Fundz holds 2 contacts at cylib, including the Vice President Operations. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Manufacturing around the same time

Companies in the same sectors as cylib that raised within 45 days of this round, from Fundz verified event records.

  • Koparo raised $20M (Series B) on April 1, 2023.
  • Chasm Advanced Materials raised $500K (Seed) on March 31, 2023.
  • NEFCO raised $6.7M on March 31, 2023.
  • Tanbark Molded Fiber Products raised $910K (Seed) on March 31, 2023.
  • Harvard Apparatus Regenerative Technology raised $6M on March 31, 2023.
  • Recyda raised an undisclosed amount on March 30, 2023.

Who to call at cylib, and when

A new round usually means cylib is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day cylib raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at cylib, from your own LinkedIn network

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Company Information

Company

cylib

Location

Aachen, North Rhine Westphalia, Germany

About

cylib GmbH is a research-based company for holistic battery recycling enabling the green energy transition by ensuring the supply of sustainable raw materials for the battery industry. cylib's proprietary end-to-end recycling process is characterized by an efficient, resource- and climate-friendly recovery of all raw materials in a battery, including lithium, graphite, nickel, cobalt and manganese from battery packs, production scraps, or micromobility batteries.

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Related People

2 contacts
Verified contactsJulian E., Vice President Operations hidden hidden hiddenSee plans and pricing
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cylib raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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