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Funding
Descycle raises GBP 4.85 million in pre-Series A funding; secures GBP 1 million in grants
Waste Recovery & Management Tech
Apr 25, 2023
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Waste Recovery & Management Tech

Waste Recovery & Management Tech

Apr 25, 2023

Descycle raises GBP 4.85 million in pre-Series A funding; secures GBP 1 million in grants

Funding

  • Descycle, a British e-waste recycling startup, has raised GBP 4.85 million (~USD 6.06 million) in an upsized and oversubscribed pre-Series A funding round led by TSP Ventures with participation from Deep Future, Kero Development Partners, Green Angel Syndicate, CPI, and several senior resource industry executives.

  • Descycle and its CTO Dr. Rob Harris also secured a GBP 1 million (USD 1.2 million) grant from the UK Government.

  • The company intends to use the funds to advance commercialization and support delivering a lab pilot, a completed 18-month technical study, and the design of a large-scale pilot plant.

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