R
Recyc'Elit
PET plastic recycling
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.
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
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| 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 | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
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.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
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
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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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