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Innovate Recycle logo — An environmental solution for the carpet industry. Recycling...

Innovate Recycle

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

Founded 2018 United Kingdom Northampton, United Kingdom 11 employees Equity Crowdfunding Total: $2.64M ESG, Manufacturing +1

General Information

Company Name Innovate Recycle
Founded Year 2018
Location United Kingdom Northampton, United Kingdom +1
Employees 11
Industries ESG, Manufacturing, Sustainability
Funding Stage Equity Crowdfunding
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About Innovate Recycle

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.

Taxonomy: Recycling Solutions, Sustainable Manufacturing, Circular Economy, Waste Management, Material Repurposing, Environmental Innovation

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Equity Crowdfunding •••••• 1
Investor
22 Feb 2021
Venture Round •••••• 1
Investor
01 Jan 2021

Innovate Recycle Alternatives & Competitors

Innovate Recycle vs
Rester Oy
Rester Oy Finland

We want to solve the most critical problem faced by the textile industry today – waste utilisation.

Seed
25 employees
Consumer Goods, Manufacturing
Innovate Recycle vs
HAHN Kunststoffe GmbH
HAHN Kunststoffe GmbH Germany

hanit® recycling products | The clever solution | Sustainable products and solutions from plastic re...

66 employees
Agriculture, Industrial
Innovate Recycle vs
SARIA UK
SARIA UK United Kingdom

Our ambition as the SARIA Group is to be the preferred partner for sustainable solutions

131 employees
Agriculture, Energy

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 the following industries: ESG, Manufacturing, Sustainability.
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 Rester Oy, HAHN Kunststoffe GmbH, SARIA UK, Envirocon , NESHO Recycling World PVT LTD. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Innovate Recycle and Rester Oy 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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