Home » Cyclize secures €5 million in Seed funding to scale up its climate tech solutions

Cyclize secures €5 million in Seed funding to scale up its climate tech solutions

By Startup Funding News
Cyclize secures €5 million in Seed funding to scale up its climate tech solutions.

Cyclize, a climate technology startup based in Stuttgart, Germany, raised €5 million in Seed funding.

The funding round was led by UVC Partners, with participation from High-Tech Gründerfonds (HTGF), Aurum Impact, UnternehmerTUM Funding for Innovators, and business angels, including Dr. Klaus Schäfer.

With new funds, Cyclize intends to scale up its plasma-based process technology that recycles mixed plastic waste of all kinds to produce synthetic gas, economically competing with fossil synthesis gas.

According to the company, its plasma-based process technology defossilizes the chemical industry using mixed plastic waste and CO2 as raw materials to produce synthesis gas (a gas mixture of carbon monoxide and hydrogen). The synthesis gas is a fundamental building block for advanced chemicals and is used in making plastics, methanol, hydrogen, and e-fuels. Until now, synthesis gas has been obtained through the linear use of fossil resources such as natural gas. The innovative plasma-based process replaces fossil resources with waste materials, enabling a circular carbon economy and avoiding hundreds of megatons of CO2 annually by 2050. 

Commenting on the funding news, Maike Lambarth, co-founder and CEO of Cyclize, said: “Cyclize sets groundbreaking standards to replace fossil resources unrivaled. With our process, we send a significant signal for climate-neutral chemistry. Our patented Cyclize Process enables chemical companies to remain competitive despite rising energy costs in Europe. Cyclize Plasma is not just the future of the chemical industry – it is an enabler for the circular economy: Turning plastic waste into a valuable raw material with monetary value.”

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