Resourcify gets five million euros

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

Resourcify has closed a five million euro financing round. 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 in existence since 2015, and the Hamburg-based startup says it receives more than two million waste disposal orders each year from customers such as Bosch, Hornbach, Johnson & Johnson and McDonalds. The start-up is active in six European countries.

Resourcify plans to use the new funding to grow its team to 50 employees, expand sales and marketing, and further develop its software. The startup's software is designed to enable companies to digitize their waste management and optimize recycling. "By making waste management more resource-driven, we can help businesses move to a net-zero footprint - not only by helping them improve recycling and collect more recyclables, but also by reducing their costs and environmental footprint," says Resourcify co-founder and CEO Gary Lewis.