Assembly Line

German startup Cyclize secures €4.75M to defossilise the chemical industry using plastic waste

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Cyclize, UVC Partners

Stuttgart, Germany-based Cyclize, a climate-tech startup, announced that it has secured €4.75M in a fresh funding round led by UVC Partners. Other investors, including High-Tech Gründerfonds (HTGF), Aurum Impact, and UnternehmerTUM Funding for Innovators, as well as high-profile business angels like Dr. Klaus Schäfer, former CTO of Covestro, who will also join Cyclize’s Advisory Board, participated in the funding round.

The German company will use the funds to expand its team and focus on scaling its technology for industrial use. They plan to test synthesis gas production and waste recycling with pilot customers. The company aims to commercialise and build a waste-to-synthesis gas plant in a chemical park.

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