Cyclize

Cyclize, a spin-off from the University of Stuttgart, has developed a technology to defossilize the chemical industry using mixed plastic waste and CO2 as raw materials to produce synthesis gas (a gas mixture of carbon monoxide and hydrogen). This 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.

Press releases

Press
21. February 2024

ClimateTech startup Cyclize secures €5 Million in Seed Funding for revolutionary plastic recycling technology

Stuttgart, February 21, 2024 – Cyclize, the ClimateTech startup from Stuttgart, is forging ahead with €4.75 million in startup capital to initiate a revolution in the chemical industry – the goal: To replace fossil resources using innovative carbon recycling of plastic waste and CO2. The funding round is led by UVC Partners, with complementary investments from High-Tech Gründerfonds (HTGF), Aurum Impact, UnternehmerTUM Funding for Innovators, and high-profile business angels, includin
 

Info & Contact

Address

Cyclize GmbH
Taxiswald 9
70771 Leinfelden-Echterdingen
Deutschland

In portfolio

06. Feb 2024

HTGF Manager

 
Johannes Weber, Senior Investment Manager