DyeRecycle Company Profile
DyeRecycle, founded in 2021 and headquartered at Imperial College London, is a private, venture capital-backed specialty chemicals company with 7 employees that develops green chemistry technology to recycle colored textile waste by extracting dyes for reuse in new materials, aiming to reduce the textile industry's reliance on virgin materials, and has raised $1.19M through grants, seed funding, accelerators, and university spin-out support from investors including Evenlode Foundation, Fashion For Good, Innovate UK, Octopus Ventures, and PDS Ventures.
Overview
DyeRecycle is a developer of green chemistry technology designed for discarded fabric. The company's technology processes colored textile waste and transfers the color onto new material through dye extraction into a solvent. It also works on the creation of new dyes, enabling the textile industry to reduce dependence on virgin materials.
- Year Founded: 2021
- Status: Private
- Employees: 7
- Primary Industry: Specialty Chemicals
- Other Industries: Other Commercial Services, Other Commercial Products
- Verticals: CleanTech, LOHAS & Wellness, Climate Tech
- Ownership Status: Privately Held (backing)
- Financing Status: Venture Capital-Backed
- Corporate Office:
- Department Of Chemical Engineering
- Imperial College
- London SW7 2AZ
- England, United Kingdom
- Website: www.dyerecycle.com
Valuation & Funding
DyeRecycle has raised $1.19M over several rounds, including grants, seed rounds, accelerator/incubator participation, and a university spin-out. Notable funding events include:
- Accelerator/Incubator
- Grant (07-May-2024)
- Seed Round (07-May-2024)
- Seed Round (13-Jul-2023, cancelled)
- Grant (13-Jul-2023)
- Grant (30-Jun-2021)
- Accelerator/Incubator
- University Spin-Out
Investors
DyeRecycle has received investment from the following organizations:
- Evenlode Foundation (Impact Investing)
- Fashion For Good (Accelerator/Incubator)
- Innovate UK (Government)
- Octopus Ventures (Venture Capital)
- PDS Ventures (Corporate Venture Capital)
FAQs
When was DyeRecycle founded?
DyeRecycle was founded in 2021.
Where is DyeRecycle headquartered?
DyeRecycle is headquartered in London, United Kingdom.
What is the size of DyeRecycle?
DyeRecycle has 7 total employees.
What industry is DyeRecycle in?
DyeRecycle’s primary industry is Specialty Chemicals.
Is DyeRecycle a private or public company?
DyeRecycle is a Private company.
What is DyeRecycle’s current revenue?
The current revenue for DyeRecycle is not disclosed.
How much funding has DyeRecycle raised over time?
DyeRecycle has raised $1.19M.
Who are DyeRecycle’s investors?
Evenlode Foundation, Fashion For Good, Innovate UK, Octopus Ventures, and PDS Ventures are among the investors who have invested in DyeRecycle.