MDF Recovery secures £1.7m led by OnePlanetCapital to scale its waste fibre recycling technology.
The funding round was led by OnePlanetCapital to accelerate business growth and international deployment.
MDF Recovery has created a patented industrial recycling process to recover fibre from waste Medium Density Fibreboard, offering a low energy alternative for manufacturers.
MDF Recovery has secured £1.7m in a funding round led by the OnePlanetCapital Climate Change EIS fund.
The company has developed a patented process to recycle Medium Density Fibreboard at scale, addressing a major environmental challenge in the construction and manufacturing sectors where end of life boards are typically incinerated or sent to landfill.
The fresh capital will be used to accelerate business growth and deploy the recycling technology to various licensees across the UK and Europe throughout 2023 and 2024.
From the founder
"It was great to get a strategically aligned fund like OnePlanetCapital on board for this raise. The success of this round is great support and vindication of our business going forward."
Craig Bartlett
MD at MDF Recovery
Investor perspective
"MDF Recovery is one of the most exciting investments we have made in 2023 in that it is unique IP being applied to a massive global problem"
Matthew Jellicoe
OnePlanetCapital
Use of funds
- 01Expand into international markets
Investors
Categories
About the company
MDF Recovery
MDF Recovery provides industrial scale recycling technology for waste Medium Density Fibreboard.