DePoly Funding News- Swiss-based Cleantech DePoly Raises $23M In Seed Round

The plant will be able to recycle 500 tonnes of plastic each year and will show how DePoly’s technology works on an industrial scale.

The funding round includes a key investment from MassMutual Ventures, along with existing investors like BASF Venture Capital, Beiersdorf Venture Capital, and Zürcher Kantonalbank.

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DePoly’s recycling technology breaks down PET and polyester plastics into their original building blocks, called monomers, without using fossil fuels. This is different from traditional recycling, which just melts and reshapes plastic into lower-quality materials. DePoly’s method creates high-quality recycled materials by using a chemical process that works at the molecular level.

The new funds will help DePoly grow quickly, improve its technology, and take the next big step—building a larger commercial plant to handle even more plastic waste.

DePoly is already working with brands like Odlo (fashion), PTI (consumer goods), and Beiersdorf (cosmetics) to bring circular recycling to real-world industries.

Samantha Anderson, Co-Founder and CEO of DePoly, commented: "The upcoming showcase plant validates our roadmap to creating a truly circular plastics market. Following our pilot and showcase plant, our next goal is to scale our operations to industrial size with a first-of-its-kind commercial plant based on our technology."

Alix Brunet, Europe Lead at MassMutual Ventures, added:

"DePoly's proven technology is a game changer addressing a crucial industrial and societal challenge. This raise and the showcase plant opening are advancing DePoly's position as a leader in plastics recycling."

David Hanf, who joined the company in 2024 as Chief Financial Officer, emphasised the company’s goals: "We are convinced our technology is one of the fastest to scale and will allow us to compete with virgin pricing at scale, a key factor for success.

"We are happy to have expanded our investor base to the US with MassMutual Ventures as we want to build a global champion."

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