Recyc’ELIT is a startup that recycles all types of complex textiles and plastics. Here are details of Recyc’ELIT‘s latest funding round :
🚀 Launch
2019
🏭 Industry
Recycling
🧠Management
Karim Medimagh (Co-founders), Raouf Medimagh (Co-founders)
💸 Funding & Investors
| INVESTMENT (October 2023) | €3.2 million (Seed) |
| INVESTORS (October 2023) | Demeter led the investment through the Metropolitan Industrial Seed Fund (FAIM) Lyon – Saint-Etienne and UI Investissement. Banque des Territoires (Caisse des Dépôts Group), Crédit Agricole Création, and undisclosed business angels also participated in the funding round. |
🎯 Funding purpose
Operations expansion
🌐 Country HQ
France (Chasse sur Rhône)