About Cylib
Cylib is a company based in Aachen (Germany) founded in 2022 by Gideon Schwich, Paul Sabarny, and Lilian Schwich.. Cylib has raised $71.5 million across 3 funding rounds from investors including Speedinvest, World Fund and Porsche Ventures. Cylib offers products and services including Recycled Lithium, Recycled Graphite, Recycled Nickel, Recycled Cobalt, and Recycled Manganese. Cylib operates in a competitive market with competitors including Lohum, Attero, Li-Cycle, SiTration and Green Li-ion, among others.
- Headquarter Aachen, Germany
- Founders Gideon Schwich, Paul Sabarny, Lilian Schwich
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Sectors
Environment
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Email
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Phone
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Website
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Social
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- Legal Name Cylib Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$71.5 M (USD)
in 3 rounds
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Latest Funding Round
$59.41 M (USD), Series A
May 15, 2024
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Investors
Speedinvest
& 11 more
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Employee Count
Employee Count
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Products & Services of Cylib
Cylib offers a comprehensive portfolio of products and services, including Recycled Lithium, Recycled Graphite, Recycled Nickel, Recycled Cobalt, and Recycled Manganese. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Recovered lithium from batteries for reuse in production.
Recovered graphite to minimize environmental impact in manufacturing.
Recovered nickel for sustainable battery and industrial applications.
Recovered cobalt to support circular economy in energy sectors.
Recovered manganese for high-quality reuse in batteries.
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Funding Insights of Cylib
Cylib has successfully raised a total of $71.5M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $59.41 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $59.4M
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First Round
First Round
(14 Oct 2022)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series A - Cylib | Valuation | World Fund , Porsche Ventures | |
| Feb, 2023 | Amount | Seed - Cylib | Valuation | World Fund | |
| Oct, 2022 | Amount | Seed - Cylib | Valuation | Speedinvest |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cylib
Cylib has secured backing from 12 investors, including venture fund and angel investors. Prominent investors backing the company include Speedinvest, World Fund and Porsche Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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World Fund is recognized as a leading European climate tech venture capital fund.
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Founded Year | Domain | Location | |
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Early-stage venture capital investments are provided by Porsche Ventures.
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Founded Year | Domain | Location | |
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Venture capital firm investing in tech startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cylib
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cylib
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cylib Comparisons
Competitors of Cylib
Cylib operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Lohum, Attero, Li-Cycle, SiTration and Green Li-ion, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining
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| domain | founded_year | HQ Location |
Tech-based solid waste management and recycling solutions are provided.
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| domain | founded_year | HQ Location |
Lithium-ion battery recycling technology is developed by Li-Cycle.
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| domain | founded_year | HQ Location |
Battery recycling solutions are provided through ultra filtration technology.
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| domain | founded_year | HQ Location |
Spent lithium-ion batteries are recycled into cathode and anode materials.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cylib
Frequently Asked Questions about Cylib
When was Cylib founded?
Cylib was founded in 2022.
Where is Cylib located?
Cylib is headquartered in Aachen, Germany. It is registered at Aachen, North Rhine-westphalia, Germany.
Who is the current CEO of Cylib?
Lilian Schwich is the current CEO of Cylib. They have also founded this company.
Is Cylib a funded company?
Cylib is a funded company, having raised a total of $71.5M across 3 funding rounds to date. The company's 1st funding round was a Seed of $3.5M, raised on Oct 14, 2022.
What does Cylib do?
Cylib was founded in 2022 in Aachen, Germany, within the battery recycling sector. Materials including lithium, graphite, nickel, cobalt, and manganese are recovered from end-of-life batteries and production scraps through a proprietary water-based process. Chemical usage is minimized, and recycling efficiency is maximized in operations. Recovered materials are refined to specifications for reuse in battery production and industrial applications, aiding circular economy efforts in European value chains.
What products or services does Cylib offer?
Cylib offers Recycled Lithium, Recycled Graphite, Recycled Nickel, Recycled Cobalt, and Recycled Manganese.
Who are Cylib's investors?
Cylib has 12 investors. Key investors include Speedinvest, World Fund, Porsche Ventures, Robert Bosch Venture Capital, and DeepTech & Climate Fonds.
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