DEScycle

Transforming the metals industry with clean technology

General Information
Company Name
DEScycle
Founded Year
2018
Location (Offices)
London, United Kingdom +1
Founders / Decision Makers
Number of Employees
27
Industries
Sustainability
Funding Stage
Series A
Social Media

DEScycle - Company Profile

DEScycle, a deep tech company founded in 2018 and headquartered in United Kingdom, is revolutionizing the metals industry with its sustainable approach. The company's slogan "Transforming the metals industry with clean technology" truly encapsulates its mission. DEScycle utilizes innovative metal recovery & recycling methods that employ eco-friendly Deep Eutectic Solvents (DES), non-toxic salts that enable low-temperature and low-energy operations. This results in the production of low-carbon, low-impact metals, marking a significant shift away from high-energy, pollutive smelters and the use of toxic chemicals and strong acids in the metals industry. The recent milestone for DEScycle was the successful completion of a £4.85M Seed Round investment on 18 April 2023, showcasing strong investor confidence in the company's forward-looking vision. The investors involved in this round, including TSP Ventures, Deep Future, Green Angel Ventures, Mark Cutifani, Kero Development Partners, Stephen McIntosh, and the Centre for Process Innovation, bring not only financial support but also strategic partnerships and expertise to the table. With a focus on #deeptech, #netzero, and #recycling, DEScycle is poised to make a significant impact in the sustainability industry and beyond, demonstrating the potential to drive positive change in crucial global sectors.

Taxonomy: clean technology, metals industry, metal recovery, recycling methods, Deep Eutectic Solvents, low-temperature operations, low-energy operations, low-carbon metals, low-impact metals, high-energy pollutive smelters, toxic chemicals, strong acids, e-waste, deep tech, net zero

Funding Rounds & Investors of DEScycle (3)

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Funding Stage Amount No. Investors Investors Date
Series A €12.20M 5 Kadmos Capital, Nesta 19 Nov 2024
Seed Round £4.85M 7 Mark Cutifani, Kero Development Partners +2 18 Apr 2023
Grant £1.00M 1 UK government 15 Jun 2022

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