VOY Advises Recyda on New Financing Round
Recyclability assessment software provider Recyda raised EUR 1.75M with support from VOY lawyers Johannes Steinacher and Clemens Koós.
Speedinvest led this seed financing round; existing investor Futury Capital co-invested. Auxxo Female Catalyst Fund, angel investors Dr. Stephan Rohr, Martin Weber, and Benedikt Franke completed the round.
Recyda will spend the raised capital to focus on new markets, further develop its SaaS platform, and acquire new talent.
Recyda helps companies along the packaging value chain assess recyclability by providing software and data to help fight the flood of packaging waste. Their software makes it easier to assess packaging recyclability during sales and development processes quickly, as the recyclability of packaging cannot be measured purely by material properties and depends on country-specific information about legislation and waste management systems. Recyda collects and centralizes such information.
Speedinvest is a leading early-stage venture capital firm with more than €1 billion AuM and 40+ investors based in Berlin, London, Munich, Paris, and Vienna. Its dedicated sector-focused teams are the first to fund Europe's most innovative technology startups and its in-house operational experts are on hand to offer founders ongoing support with growth, HR, market expansion, and more. Wefox, Bitpanda, TIER Mobility, GoStudent, Wayflyer, Open, CoachHub, Schüttflix, TourRadar, Adverity, and TWAICE are among its portfolio of 250+ companies.
About Futury Capital
Futury Capital invests in promising, high-growth technology companies at any stage.
Through its two funds it invests in German and international tech companies from seed to growth stage and helps them to accelerate their (inter)national growth. Futury Capital is an active shareholder and supports through capital, know-how as well as network.
Together with its LPs, consisting of anchor investor State of Hesse, family offices, and German mid-sized companies up to major international corporations, it supports the portfolio both strategically and operationally. Together with the founders, Futury Capital pursues one goal: the development of top companies.
VOY is a law firm and tax consultancy for founders and investors creating a digital client experience that focuses on additional value with direct and uncomplicated legal advice of the highest quality.