Innovate Recycle

Innovate Recycle

An environmental solution for the carpet industry. Recycling & repurposing waste carpet creating a sustainable resource.

Founded 2018

Northampton, United Kingdom 11 employees Equity Crowdfunding Total: $2.64M ESG, Manufacturing +1

Innovate Recycle is a UK-based startup that focuses on providing an environmental solution for the carpet industry. The company's slogan emphasizes its commitment to recycling and repurposing waste carpet to create a sustainable resource. Founded in 2018, Innovate Recycle aims to address the significant issue of end-of-life carpet disposal in the UK. The company specializes in manufacturing recycled PP, which is extracted from end-of-life carpet. With approximately 500,000 tonnes of end-of-life carpet being produced in the UK annually, the majority of it is either burnt for energy or sent to landfill. Innovate Recycle has positioned itself as a part of the recycling revolution by providing a solution to this environmental challenge. Innovate Recycle's efforts involve setting up a plant in Northampton, England, utilizing proven technology from the US and EU countries. This plant will enable the business to support and advise carpet manufacturers on creating more sustainable materials, ultimately benefitting their businesses. The company's recycling system can convert a substantial amount of carpet material in a single process line, showcasing its potential for large-scale impact. The company recently secured a significant £2.64M Equity Crowdfunding investment on 22 February 2021 through Crowdcube, reflecting investor confidence in its mission and potential for growth. Innovate Recycle's focus on ESG, Manufacturing, and Sustainability aligns with current market trends and the growing emphasis on environmentally responsible practices. The combination of innovative technology, environmental commitment, and recent investment places Innovate Recycle in a strong position to drive positive change in the carpet industry and beyond.

Funding Stage	Amount	Investors	Lead Investors	Date
Equity Crowdfunding	£2.64M	1	Crowdcube	22 Feb 2021
Venture Round	Undisclosed	1	Eden Rock Group	01 Jan 2021

Funding Stage

Amount

Investors

Lead Investors

Date

Equity Crowdfunding

£2.64M

Crowdcube

22 Feb 2021

Venture Round

Undisclosed

Eden Rock Group

01 Jan 2021

FAQ About Innovate Recycle

An environmental solution for the carpet industry. Recycling & repurposing waste carpet creating a sustainable resource.

Innovate Recycle was founded in 2018.

Innovate Recycle is headquartered in Northampton, United Kingdom.

Innovate Recycle operates in ESG, Manufacturing and Sustainability. Its work centres on Recycling Solutions, Sustainable Manufacturing, Circular Economy and Waste Management.

Innovate Recycle has approximately 11 employees.

Innovate Recycle has completed 2 funding rounds, raising a total of $2.64M. The latest funding stage is Equity Crowdfunding.

Top alternatives and competitors to Innovate Recycle include Valorsul, KS Rubber Industries, Recyc'Elit🌍, Veridis, Ecolimpio . These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Innovate Recycle and Valorsul are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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