Descycle secures an oversubscribed pre-Series A round led by TSP Ventures to scale metal processing technology.
TSP Ventures leads the latest investment alongside institutional backers and sector angels.
Descycle develops novel chemical solvent technology to recover valuable metals from electronic waste with low carbon emissions.
Descycle has secured an oversubscribed pre-Series A funding round led by TSP Ventures, with participation from institutional backers Deep Future Labs, Kero, and CPI, alongside strategic angels from the mining sector. The company is developing deep eutectic solvents to extract critical metals from electronic waste using low-carbon and low-cost processes.
The fresh capital will support the business as it scales its technology and expands operations. The global market for electronic waste recycling continues to expand rapidly as demand for critical minerals increases.
From the founder
"We are delighted to welcome on board TSP Ventures as Lead Investor and are excited for the growth ahead. We have built a strong relationship together and they have demonstrated clear alignment with our strategy and goals. We see TSP as a partner who will also be able to support us in future funding rounds."
Leonidas Howden
CEO at Descycle
Investor perspective
"We are delighted to be joining the Descycle team on their onward journey as they prove and scale their transformative technology. By enabling low cost, low carbon recovery of key metals from e-waste, Descycle are solving two major environmental problems; first, the displacement of the incumbent dirty, energy intensive processes and second, ensuring we have access to the critical metals we will need to deliver the green transition. Both are crucial. Descycle has a great management team and we look forward to helping them in any way we can as they grow the business."
Chris Smith
CEO, TSP Ventures
Investors
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About the company
Descycle
Descycle develops novel chemical solvent technology to recover valuable metals from electronic waste.