German package recycling platform start-up Recyda has raised €1.75 million in funding to focus on new International markets and product development and new talent.
The round was led by Speedinvest and existing investor Futury Capital (from the pre-seed round 2021), the Auxxo Female Catalyst Fund, and includes angel investors Dr Stephan Rohr (TWAICE), Benedikt Franke (Helpling Group) and Martin Weber (one • fıve)
"Behind our software are not only first-class investors, but also an incredible amount of know-how and drive in software development. With the new capital, we can bring more talent on board to implement new ideas and customer wishes," says Anna Zießow, Co-Founder and Co-CEO of Recyda."You shouldn't lose sight of Recyda, because we will be introducing exciting innovations to our software in the coming months."
Founded by Vivian Loftin, Anna Zießow and Christian Knobloch in 2020, Recyda's solution is a SaaS platform for businesses and brands to asses the recyclability of packaging based on international regulations.
"We know the current challenges of the packaging industry very well and the numerous difficulties that companies are currently facing. With this knowledge, we have developed a software solution that specifically supports the implementation of sustainable packaging solution requirements for different markets and significantly optimises reporting obligations. With our software, we want to contribute to a sustainable future in which resources are used sensibly and valuable materials are kept in the cycle," says Christian Knobloch, co-founder and co-CEO of Recyda.