The Spanish startup develops and markets its REACT systems for recycling thanks to funding from Veos Ventures, S.L. In Spain, more than 5 million coffee capsules are used a day, but only 10% are recycled
Valencia, March 28, 2023. Recycling coffee capsules in a simple and automatic way is now possible thanks to Recycap® Technologies S.L. technology. The Spanish startup thus enters the market with the intention of developing and marketing its pioneering REACTTM technology , thanks to an investment of up to 400,000 euros from Veos Ventures, S.L., a Spanish-American accelerator fund.
Coffee capsules are becoming increasingly popular in Western Europe and North America, especially for preparing quality coffee at home. In fact, its turnover is growing exponentially, going from 9,920 million dollars in 2021 to 12,330 million in 2022. Around 39,000 capsules are produced around the world every minute and more than 5 million capsules are used in Spain alone. day. However, only 10% of these are recycled, which means that 25 tons of capsules with coffee inside are sent to landfills every day without being able to be recycled.
Recycap® Technologies, founded by entrepreneurs Eduardo Pérez, Vicente Oller and Constantino Llobel Durá, allows consumers to recycle their aluminum coffee capsules at home or in the office and throw the empty capsules in the usual recycling bins thanks to its Recycap Automated Coffee Technology (REACT™) system.
REACT™ is a patented technology that allows the removal of grounds from coffee capsules, making it easy to recycle aluminum capsules. To do this, it is based on a mechanical system that allows the coffee to be easily cleaned from the capsules, leaving the aluminum or plastic capsules empty and ready for recycling. In this way, Recycap® devices are innovative and fully automated integral solutions for recycling coffee capsules for domestic and commercial use. “We believe REACT™ will bring revolutionary changes to the world of coffee capsule recycling and we are impressed with the approach Recycap® Technologies takes to solving this important environmental problem,” said Bassam Damaj, Co-Founder and Senior Partner of Veos Ventures. “We are delighted to have the opportunity to partner with the fantastic team at Recycap®,” added Damaj.
Recycle capsules without leaving home or office
The funding will be used to start manufacturing commercial-size Recycap® recycling machines, start commercial operations and create other collaborations within the industry, as well as to develop the first fully integrated REACT™ technology-enabled home coffee machine. Recycap® Technologies is also currently working with major retailers and coffee brands to create point-of-sale aluminum coffee pod recycling programs.
“The REACT™ platform enables both businesses and consumers to recycle their coffee pods in the comfort of their homes and offices and throw clean coffee pods into regular recycling bins, reducing their environmental impact and enabling recycling. and reuse discarded aluminum”, have explained the founders of Recycap® Technologies. “We are passionate about making a difference and take our environmental responsibility very seriously. We are constantly striving for new ways to reduce our impact on the planet by bringing new technologies and proprietary aluminum and coffee grounds recycling solutions to market” , have concluded.
About Recycap® Technologies, S.L.
The mission of Recycap Technologies, SL is to empower consumers through knowledge, tools and new technologies to make sustainable decisions that help protect the planet, offering them new options and recycling tools for aluminum and plastic coffee capsules. Its goal is to become the world’s leading company in the sustainable recycling of aluminium, plastic and coffee grounds through innovation and proprietary recycling technologies. More information at www.recycap.com.
About Veos Ventures®, S.L.
Based in Madrid, Veos Ventures®, S.L. is a groundbreaking idea incubation and acceleration company that invests in ideas at the pre-seed and early stage, the most difficult stages for a startup, and ripens them for prompt licensing or sale . Its goal is to help its portfolio companies mature their ideas and products enough to merit licensing and/or sale to a larger player in a short period of time. The extensive experience of the founding partners in raising public and private funds, conducting research, granting licenses and mergers and acquisitions allows Veos Ventures® to make faster decisions and manage its investments at a faster pace. faster than most companies. More information at www.veosventures.com.
Contact
Contact name: Gonzalo Barroso
Contact description: Contact telephone number: 620017109
Images
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Caption: Founders of Recycap Author: Recycap
