Resourcify receives five million euros

The Hamburg-based start-up's software enables companies to digitize their waste management. Resourcify has now received support from investors to expand its recycling platform.

Resourcify has closed a financing round worth five million euros. Ananda Impact Ventures and SpeedInvest jointly led the round. Existing investors include the founders of Sennder and Schüttflix, Innovationsstarter Fonds Hamburg and High-Tech Gründerfonds.

Resourcify has been around since 2015 and the Hamburg-based start-up says it receives over two million waste disposal orders every year from customers such as Bosch, Hornbach, Johnson & Johnson and McDonalds. The start-up is active in six European countries.

Resourcify intends to use the new financial resources to expand its team to 50 employees, expand sales and marketing and further develop its software. The start-up's software is designed to enable companies to digitize their waste management and optimize recycling. "By making waste management resource-centric, we can help companies transition to a net zero footprint - helping them not only improve recycling and collect more recyclables, but also reduce their costs and environmental footprint," says Resourcify co-founder and CEO Gary Lewis.