Recyda funding news – Germany-based Recyda Raises €6.3Million in Funding

Due to new regulations, the packaging industry is facing challenges as it must meet strict targets for all packaging entering the EU market. Recyda offers a Software as a Service (SaaS) platform for sustainable packaging management, helping manufacturers, brand owners, and retailers effectively manage packaging data and comply with complex sustainability requirements.

The team already works with major brands in the fast-moving consumer goods (FMCG) sector, such as Beiersdorf and Kao, and plans to use the new funds for expansion.

Series A Round Invester

The Series A funding round included existing investors who also contributed in 2023, alongside a group of backers like Speedinvest and notable business angels.

Recyda's software has impressed investors and attracted well-known customers. Kao, a leading Japanese consumer goods company, has worked with Recyda to improve the recyclability of its packaging.

Daniel Nebe, Senior Manager Package Development, Consumer Care Business, AEMEA, explains: "Recyda's solution offers key insights early in the packaging development process, helping us identify the most recyclable options. Recyda’s solution is a great contribution to the industry’s joint efforts to reduce our environmental footprint."

Founded by Christian Knobloch (CEO), Vivian Loftin (CMO), and Anna Zießow (CPO), Recyda plans to use the new funding to enter international markets, gain new customers, and speed up product development.

Christian Knobloch, Co-Founder and CEO of Recyda said, "This funding round empowers us to further build on our current growth, Cusp Capital’s investment strategy of funding a new generation of tools at the intersection of digitization and sustainability perfectly aligns with our mission. With the team’s impressive track record, they are a strong partner on our side and we are excited to be working together to accelerate our expansion internationally, both in terms of customers as well as the regional coverage in our software."

Dr. Maximilian Rowoldt, Investor & General Partner at Cusp Capital said " We strongly believe that packaging will move from a ‘use and dispose’ regime to circularity. Recyda has built the data foundation to manage sustainable packaging portfolios across functions (like Sustainability & Finance) and the entire packaging value chain. Given Recyda’s deep solution that is already trusted by leading brands, Recyda has the potential to become the leading operating system for sustainable packaging globally.”

About Recyda

Recyda's solution is designed for the entire value chain to be the operating system for the packaging industry. The solution supports companies in packaging R&D, master data management, and financial reporting and forecasting.