EMV Capital leads £1 million investment into plastic recycling technology company DeepTech Recycling

EMV Capital, the VC investor specialising in early-stage high-growth deep tech companies, is delighted to announce that it has led the completion of a £1 million investment round (“Fundraising”) into its portfolio company, DeepTech Recycling, a plastic recycling technology business offering an innovative solution to the environmental challenges of plastic pollution.

The Fundraising was led by EMV Capital, syndicated from its cohort of private investors, and was carried out via an advance subscription agreement, constituting the first closing of a target investment programme of c.£3 million, with further investment anticipated within the next six months. The proceeds of the Fundraising will, inter alia, support DeepTech Recycling on its journey to commercialise its patented and demonstrated technology, as well as develop and convert commercial opportunities.

In December 2022, DeepTech Recycling, in which EMV Capital currently holds a 30 per cent. stake, acquired the majority of assets of Recycling Technologies Limited out of administration. Since the acquisition, the value creation team of EMV Capital has worked closely with DeepTech Recycling to consolidate assets and IP, reassess the commercial and investment model, and start on the commercial roadmap of the business.

DeepTech Recycling is a UK tech company born out of a global environmental crisis caused by insufficient and unsustainable management of plastic waste. Its mission is to make plastic sustainable and support the critical global drive towards a circular economy for plastics through chemical recycling of plastic waste. DeepTech Recycling has a unique, patented and proven technology platform, which was developed over more than 10 years of structured and accelerated development and commercialisation, and offers unique and innovative solutions to the environmental challenges of plastic pollution.

Dr Ilian Iliev, MD of EMV Capital, and Chair and Investment Director of DeepTech Recycling, said:

“We are pleased with the outcome of this pivotal fundraising for DeepTech Recycling. The company’s innovative chemical recycling platform can be integrated and scaled into the existing waste management value chain internationally. It is a balanced approach, addressing the global plastic waste crisis, while recognising the importance of plastic in the modern economy. We look forward to progressing the company’s fundraising programme, and continuing to work with DeepTech Recycling as it actively contributes to a cleaner, more sustainable future.’’

Marvine Besong, Managing Director and CTO of DeepTech Recycling, said:

“This investment represents a significant vote of confidence in our mission to transform non-recyclable plastic waste into high value oil products, a process that is a key lever in achieving substantial reductions in plastic waste disposal and greenhouse gas emissions. The oil products generated can be used by the petrochemical industry as the feedstock for producing virgin-quality plastics, further re-enforcing our passionate support for the drive towards a circular economy.

As the business continues to make strong progress, we will leverage this new capital injection to scale up our operations and accelerate the realisation of our robust pipeline of opportunities. EMV Capital has played a key role in facilitating our fundraising initiatives, as well as the relaunch of the business. We are grateful for the insightful contributions of their value creation team.”

Dr Ilian Iliev, MD of EMV Capital, and Chair and Investment Director of DeepTech Recycling, said:

“We are pleased with the outcome of this pivotal fundraising for DeepTech Recycling. The company’s innovative chemical recycling platform can be integrated and scaled into the existing waste management value chain internationally. It is a balanced approach, addressing the global plastic waste crisis, while recognising the importance of plastic in the modern economy. We look forward to progressing the company’s fundraising programme, and continuing to work with DeepTech Recycling as it actively contributes to a cleaner, more sustainable future.

Marvine Besong, Managing Director and CTO of DeepTech Recycling, said:

“This investment represents a significant vote of confidence in our mission to transform non-recyclable plastic waste into high value oil products, a process that is a key lever in achieving substantial reductions in plastic waste disposal and greenhouse gas emissions. The oil products generated can be used by the petrochemical industry as the feedstock for producing virgin-quality plastics, further re-enforcing our passionate support for the drive towards a circular economy.

As the business continues to make strong progress, we will leverage this new capital injection to scale up our operations and accelerate the realisation of our robust pipeline of opportunities. EMV Capital has played a key role in facilitating our fundraising initiatives, as well as the relaunch of the business. We are grateful for the insightful contributions of their value creation team.”

About EMV Capital

EMV Capital is an award-winning VC investor specialising in early stage high-growth deep tech companies in the life science, sustainability, and industrials sectors in the UK and internationally.

EMV Capital develops unique investment strategies for each portfolio company, drawing on its EIS fund and extensive network of private investors, family offices, institutions, and corporate VCs. Delivery and successful execution of these investment strategies enables innovative portfolio companies to raise funding to drive transformational growth.

EMV Capital is a wholly owned subsidiary of NetScientific plc (AIM:NSCI), an AIM-quoted VC investment group with a focus on deep tech and life sciences.

https://emvcapital.com/

For any enquiries, please contact Belvedere Communications:

John West:           +44 (0) 207 653 8702

jwest@belvederepr.com

Llew Angus          +44 (0) 207 653 8703

langus@belvederepr.com

About DeepTech Recycling Limited

DeepTech Recycling is a UK-based technology company born out of a global environmental crisis caused by insufficient and unsustainable management of plastic waste. The company’s mission is to make plastic sustainable and support the critical global drive towards a circular economy for plastics.

DeepTech Recycling has a unique, patented and demonstrated technology platform, which was developed over more than 10 years of structured and accelerated development and commercialisation, and offers a unique innovative solution to the environmental challenges of plastic pollution.

The technology converts currently unrecyclable plastic waste, that would normally be landfilled or incinerated, into oil that can be used by the petrochemical industry as the feedstock for producing virgin quality plastic.

https://www.deeptech-recycling.co.uk/

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