About Recyc’ELIT
Recyc’ELIT is a company founded in 2019 by Raouf Medimagh and Karim Medimagh.. Recyc’ELIT has raised $3.39 million across 3 funding rounds from investors including Decathlon, European Union and Demeter. Recyc’ELIT offers products and services including Recycled Polyester Granules and Textile Recycling Process. Recyc’ELIT operates in a competitive market with competitors including Martex Fiber, Rester, BlockTexx, Revolution-ZERO and ECOMMIT, among others.
- Founders Raouf Medimagh, Karim Medimagh
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.39 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Decathlon
& 3 more
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Employee Count
Employee Count
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Products & Services of Recyc’ELIT
Recyc’ELIT offers a comprehensive portfolio of products and services, including Recycled Polyester Granules and Textile Recycling Process. 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.
Granules produced from chemical recycling of polyester textiles
Innovative method to separate and reuse textile components
Funding Insights of Recyc’ELIT
Recyc’ELIT has successfully raised a total of $3.39M across 3 strategic funding rounds. 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 Last Round
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First Round
First Round
(01 Jan 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Seed - Recyc’ELIT | Valuation | Decathlon |
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| Oct, 2023 | Amount | Seed - Recyc’ELIT | Valuation | Demeter | |
| Jan, 2023 | Amount | Grant - Recyc’ELIT | Valuation |
investors |
| 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 Recyc’ELIT
Recyc’ELIT has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Decathlon, European Union and Demeter. 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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UI Investissement is engaged in private equity and investment services.
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Founded Year | Domain | Location | |
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Demeter is recognized as a leader in biodynamic agriculture certification.
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Founded Year | Domain | Location | |
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Sporting goods and apparel are retailed by Decathlon globally.
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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 Recyc’ELIT
| 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 - RecycELIT
| 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 |
Recyc’Elit Comparisons
Competitors of Recyc’ELIT
Recyc’ELIT 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 Martex Fiber, Rester, BlockTexx, Revolution-ZERO and ECOMMIT, 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 |
Fibre and textile recycling services are provided by Martex Fiber.
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| domain | founded_year | HQ Location |
Waste textiles are managed through specialized services in Finland.
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| domain | founded_year | HQ Location |
Textile waste recycling services are provided by BlockTexx.
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| domain | founded_year | HQ Location |
Provider of textiles recycling services
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| domain | founded_year | HQ Location |
Waste recycling services are provided in Japan by ECOMMIT.
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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 Recyc’Elit
Frequently Asked Questions about Recyc’ELIT
When was Recyc’ELIT founded?
Recyc’ELIT was founded in 2019 and raised its 1st funding round 4 years after it was founded.
Is Recyc’ELIT a funded company?
Recyc’ELIT is a funded company, having raised a total of $3.39M across 3 funding rounds to date. The company's 1st funding round was a Grant of $149.75K, raised on Jan 01, 2023.
What does Recyc’ELIT do?
RecycElit was founded in 2019 as a startup in the textile recycling sector. A patented low-carbon process is utilized for recycling polyester-based materials. Selective chemical separation of polyester from other fibers is performed without damage. Operations focus on addressing complex recycling challenges to support the circular economy. Services are provided to industries handling textile waste.
Who are the top competitors of Recyc’ELIT?
Recyc’ELIT's top competitors include Revolution-ZERO, BlockTexx and ECOMMIT.
What products or services does Recyc’ELIT offer?
Recyc’ELIT offers Recycled Polyester Granules and Textile Recycling Process.
Who are Recyc’ELIT's investors?
Recyc’ELIT has 4 investors. Key investors include Decathlon, European Union, Demeter, and UI Investissement.