EMV Capital announced that its portfolio company DeepTech Recycling had successfully done a 1st closing of £1 million.
DeepTech Recycling is a UK deep tech company with a 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 offers unique and innovative solutions to the environmental challenges of plastic pollution.
The fundraising was led and syndicated by EMV Capital.
The proceeds of the fundraising would, inter alia, support DeepTech Recycling in the completion of a development phase for its pilot plant, development and adaption of its targeted technology and licensing strategy, as well as the set-up of its operating base and development of its core team.
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