About Descycle
Descycle is a company based in London (United Kingdom) founded in 2018 by John Murray, Geoff McNamara, and Leonidas Howden.. Descycle has raised $18.92 million across 2 funding rounds from investors including Nesta, Cisco Investments and Green Angel Syndicate. The company has 4 employees as of December 31, 2023. Descycle offers products and services including Deep Eutectic Solvents and Metal Recovery Technology. Descycle operates in a competitive market with competitors including Aqua Metals, Cirba Solutions, Envirostream Australia, SNAM and Accurec Recycling, among others.
- Headquarter London, United Kingdom
- Employees 4 as on 31 Dec, 2023
- Founders John Murray, Geoff McNamara, Leonidas Howden
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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 Argo Natural Resources Limited
- Date of Incorporation 16 Jan, 2018
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$18.92 M (USD)
in 2 rounds
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Latest Funding Round
$12.88 M (USD), Series A
Nov 19, 2024
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Investors
Nesta
& 8 more
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Employee Count
4
as on Dec 31, 2023
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Products & Services of Descycle
Descycle offers a comprehensive portfolio of products and services, including Deep Eutectic Solvents and Metal Recovery Technology. 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.
Eco-friendly solvents for low-energy metal recovery and recycling processes
Innovative methods for extracting metals from e-waste and minerals
Funding Insights of Descycle
Descycle has successfully raised a total of $18.92M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $12.88 million completed in November 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 2
- Last Round Series A — $12.9M
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First Round
First Round
(26 Apr 2023)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Series A - Descycle | Valuation | BGF | |
| Apr, 2023 | Amount | Seed - Descycle | Valuation | TSP Ventures , Green Angel Syndicate |
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| 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 Descycle
Descycle has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Nesta, Cisco Investments and Green Angel Syndicate. 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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Early & Growth stage tech & offline focused VC firm funding companies in the UK & Ireland
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Founded Year | Domain | Location | |
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Vorwerk Ventures is engaged in venture capital funding for tech startups.
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Founded Year | Domain | Location | |
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Technology investments and expertise in networking, cloud, and security services.
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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 Descycle
| 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 - Descycle
| 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 |
Descycle Comparisons
Competitors of Descycle
Descycle 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 Aqua Metals, Cirba Solutions, Envirostream Australia, SNAM and Accurec Recycling, 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 |
Battery recycling solutions are provided by Aqua Metals.
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| domain | founded_year | HQ Location |
Battery recycling services are provided by Cirba Solutions.
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| domain | founded_year | HQ Location |
Waste battery recycling services are provided in Australia.
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| domain | founded_year | HQ Location |
Battery recycling services are provided in France.
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| domain | founded_year | HQ Location |
Battery recycling services are provided by Accurec in Germany.
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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 Descycle
Frequently Asked Questions about Descycle
When was Descycle founded?
Descycle was founded in 2018 and raised its 1st funding round 5 years after it was founded.
Where is Descycle located?
Descycle is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Descycle a funded company?
Descycle is a funded company, having raised a total of $18.92M across 2 funding rounds to date. The company's 1st funding round was a Seed of $6.03M, raised on Apr 26, 2023.
How many employees does Descycle have?
As of Dec 31, 2023, the latest employee count at Descycle is 4.
What does Descycle do?
Descycle was founded in 2018 and is headquartered in London, United Kingdom. Electronic waste and battery recycling services are offered by the company within the environmental sustainability sector. Operations involve collection, processing, and material recovery from discarded electronics and batteries to support circular economy practices. Management is handled by co-founders John Murray, Geoff McNamara, and Leonidas Howden, who serves as Managing Director.
Who are the top competitors of Descycle?
Descycle's top competitors include Aqua Metals, Cirba Solutions and Envirostream Australia.
What products or services does Descycle offer?
Descycle offers Deep Eutectic Solvents and Metal Recovery Technology.
Who are Descycle's investors?
Descycle has 9 investors. Key investors include Nesta, Cisco Investments, Green Angel Syndicate, Deepfuture, and BGF.