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 group of investors.

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

Resourcify offers 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.

By digitizing recycling, significant process efficiencies are unlocked and better coordination of the entire value chain is enabled, paving the way to a truly 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 aim 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 experiencing massive growth due to regulatory tailwinds and increasing pressure from consumers. As a result, recycling and the circular economy are becoming strategic priorities for large companies around the world.

Andreas Schwarzenbrunner, Partner at Speedinvest

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

We have built a strong business model that works in 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 forward in supporting Resourcify's mission to advance the circular economy. The investors are convinced that the platform can contribute to increasing efficiency in waste management. The successful financing 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.