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Recyc'Elit

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PET plastic recycling

Chasse-sur-Rhône, FranceFounded 2019Fashion
Valuation $10–25M Last recorded · 2023
Revenue <$1M Latest reported FY
Headcount <100 Current team size
Total funding $0–10M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Recyc'Elit and the history behind them.

About Recyc'Elit

Recyc'Elit operates within the chemical recycling sector, focusing on transforming the textile industry from a linear to a circular model. The company was founded in 2019 in the Lyon region of France by brothers Dr. Karim Medimagh and Dr. Raouf Medimagh. Both founders are doctors in chemistry; Karim has an entrepreneurial background as CEO of an air and gas analysis laboratory, while Raouf has a history as a university professor and researcher. Their shared concern over plastic pollution led them to establish Recyc'Elit to address the recycling challenges of complex textiles.

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The company has developed a patented, low-carbon chemical recycling process that breaks down polyester-based materials. This technology selectively depolymerizes PET (Polyethylene Terephthalate) back into its original monomers, terephthalate (DMT) and monoethylene glycol (MEG). A key feature of this process is its ability to operate at moderate temperatures (around 60°C) and atmospheric pressure, reducing energy consumption compared to traditional chemical recycling methods. The process is effective on complex, multi-material textiles, such as polyester mixed with elastane, cotton, or polyamide, which are typically landfilled or incinerated. It separates the polyester without damaging the co-materials, allowing both to be recovered and re-valorized.

Recyc'Elit's business model involves providing recycling services and selling the resulting high-quality raw materials. The primary output is recycled PET (rPET) pellets, which can be used to manufacture new textiles, offering an alternative to virgin polyester or rPET from plastic bottles. The company targets clients in the textile industry and has established strategic partnerships, notably with sporting goods retailer Decathlon. The company has secured significant funding, including a €3.2 million round in October 2023 from investors like Demeter, UI Investissement, and Banque des Territoires. Recyc'Elit is scaling up its operations, moving from laboratory-scale pilots to a pre-industrial demonstrator with a planned capacity of 10 to 30 tons per year by 2025, and aims to have its first full factory operational by 2028.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2019
Headquarters
Chasse-sur-Rhône, France
Employees
26
Open positions
None listed
Dealroom signal
78.5/100
Industry
Fashion
Sector
Fashion, Recycling, Plastic, Spinout, Sustainable Development Goals, Climate Tech, Circular Economy, Energy and Greentech, Observatoire Deeptech, Clean Industry
Technology
Hardware, Deep Tech
Business model
Manufacturing
Client focus
b2b

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VC✓Equity / VC May 2024 $0 — Decathlon Group ↗
SEED✓Equity / VC Oct 2023 $3.5M $14M UI Investissement · Demea Sustainable Investment · Crédit Agricole · Banque des Territoires —
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Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowthProfitMargin
2026
2025
2024
2023 —
2022 — — —
2021 — — —
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Growth signals

Recyc'Elit website traffic

Latest recorded traffic for Recyc'Elit is 580 monthly website visits, down 67.8% over the last three months. Recyc'Elit's team grew 8.3% over the past year.

Latest monthly visits580 3-month web change-67.8% 1-year team growth+8.3%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

CompanyHeadquartersStatusEmployeesTotal fundingValuation
SynteticaRevolutionizing textile recycling with advanced chemical depolymerization for all nylon types, promoting sustainable solutions Meillonnas, France Operational 19 $35M $120M
CarbiosCreates a new generation of fully biodegradable plastics with a controlled lifespan, a process enabling infinite biorecycling of plastic waste Clermont-Ferrand, France Operational
MagREEsourceOffering a green metallurgical solution through short loop recycling of NdFeB magnets, to secure the supply of Rare Earth permanent magnets to European High-tech industries Grenoble, France Operational
MecawareWe meet the challenge of the circular economy by creating, valuing, and deploying eco-efficient industrial solutions Vénissieux, France Operational
RoSiOffering innovative solutions for recycling and revalorization of raw materials in the photovoltaic industry Seyssins, France Operational
NéolitheTransforms non-recyclable waste into mineral aggregates Chalonnes-sur-Loire, France Operational
RecyOuestOffers recycling services to organizations in charge of collecting agricultural plastic waste Argentan, France Operational
FairbricsDeveloping the first synthetic fiber with a net positive impact on climate change and capable of meeting the demand of the market Villebon-sur-Yvette, France Operational
Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

9 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed4 investors entered at this stage

  • UI Investissement
  • Demea Sustainable Investment
  • Crédit Agricole
  • Banque des Territoires

Series A1 investor entered at this stage

  • Decathlon Group

Other known investors4 additional known investors

  • CNRS Innovation
  • French National Centre for Scientific Research - CNRS
  • PULSALYS
  • Global Entrepreneurship Centre
Team profiled 2 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇫🇷 France95.2%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Recyc'Elit on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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