VOY Advises Recyda in Series A Financing Round

The Freiburg based startup has secured a Series A Financing Round of EUR 6.3M from Cusp Capital, a prominent early-stage technology investor from Essen.

Pressured by new legislative mandates, the packaging industry faces significant challenges. Recyda offers a SaaS platform for sustainable packaging management which helps internationally positioned packaging manufacturers, brand owners, and retailers manage packaging data effectively and adhere to the complex international landscape of sustainability requirements.

The team is already working with leading brands in the FMCG sector such as Beiersdorf, Kao, Trolli and more and plans to drive their expansion forward with the new capital.

About Recyda

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.

About VOY

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.