DePoly, a Zurich, Switzerland-based sustainable PET-to-raw-material recycling company, raised $23M in Seed funding.
Backers included MassMutual Ventures with participation from existing investors, including Founderful, ACE & Company, Angel Invest, Zürcher Kantonalbank, BASF Venture Capital, Beiersdorf Venture Capital, and Syensqo.
The company intends to use the funds to further accelerate its expansion and development efforts.
DePoly offers a recycling process that converts plastic into raw materials without compromising quality. It is energy efficient and can handle more complex PET and textile streams, including mixed, dirty, and traditionally non-recyclable post-consumer and post-industrial waste.
FinSMEs
29/04/2025