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Recyda raised €6.3M in a Series A funding round led by Cusp Capital to enhance their sustainable packaging management platform.

PRIVATEOct 24, 2024

Amount Raised

€6.3 Million

Round Type

Series A

FreiburgManufacturingSoftware

Investors

SpeedinvestFutury CapitalAuxxo Female Catalyst FundDr. Stephan RohrBenedikt FrankeMartin WeberCusp Capital

Description

Recyda has secured €6.3M in funding to advance its Software as a Service platform aimed at sustainable packaging management in response to new legislative mandates. The Series A round was led by Cusp Capital, with participation from existing investors, enabling Recyda to further expand its services to prominent brands in the FMCG sector.

Who else raised in Manufacturing and Software around the same time

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

  • Tractian raised $120M (Series C) on December 5, 2024.
  • Tractian raised $123M on November 22, 2024.
  • Keychain raised $15M (Series A) on November 19, 2024.
  • EECOMOBILITY raised an undisclosed amount (Seed) on November 19, 2024.
  • SKYX Platforms raised $107K (Seed) on November 18, 2024.
  • Agility Robotics raised an undisclosed amount on November 14, 2024.

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Company Information

Company

Recyda

Location

Freiburg, Baden-Württemberg, Germany

About

Recyda helps companies along the packaging value chain assess recyclability with software and data to help fight the flood of packaging waste. Recyclability of packaging cannot be measured purely by material properties - it depends on country-specific information about legislation and waste management systems. Recyda collects and centralises this information in a sophisticated software tool that makes it easy to quickly assess packaging recyclability during sales and development processes.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Recyda raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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