Resourcify secures €14 million in Series A financing

The platform for waste management and recycling plans to use fresh capital to strengthen its presence and drive forward the circular economy. Vorwerk Ventures leads the investor group.

Hamburg - Resourcify, the pioneering platform for waste management and recycling, has successfully closed a Series A financing of 14 million euros. Vorwerk Ventures led the financing round, which also saw participation from Revent, Ananda Impact Ventures, Speedinvest, BonVenture and WEPA Ventures.

Resourcify provides a software-as-a-service (SaaS) platform for companies to optimize their waste management and support recycling processes. The platform connects global companies with local recycling providers to improve processes and reduce costs.

Digitizing recycling unlocks significant process efficiencies and enables better coordination across the value chain, paving the way to a true circular economy. The team is passionate and determined to make a difference on the road to a Zero Waste future

Dominik Steinküler, Partner at Vorwerk Ventures

The funding will be used to expand Resourcify's presence in Europe and further develop the product. The goal is to help companies increase the efficiency of their waste management. Resourcify is already working with major companies in Europe, including McDonald's and Johnson & Johnson, as well as German companies such as Hornbach, REWE and Frankfurt Airport.

The waste management industry is undergoing massive growth due to regulatory tailwinds and increasing pressure from consumers. As a result, recycling and circular economy are becoming strategic priorities for major companies around the world.

Andreas Schwarzenbrunner, Partner at Speedinvest

The company plans to expand its offering to other industries and focus on appliance and waste take-back programs. So far, more than 500,000 tons of waste have been handled through the platform, with the goal of increasing CO2 savings.

We have built a strong business model that works across different industries and markets. Now we will expand our portfolio of services to drive a true circular economy for even more customers

Felix Heinricy, CBDO and Managing Director of Resourcify

The Series A marks a step in support of Resourcify's mission to advance the circular economy. Investors believe the platform can help increase efficiency in the waste management industry. The successful funding round demonstrates the importance of digital solutions in waste management and recycling in an increasingly sustainability-oriented world. Resourcify will continue to work on improving waste management and helping to protect the environment.