Tech Company Financing Transactions
Cylib Funding Round
Cylib, based in Aachen, secured $8.6 million in investment from World Fund, 10x Founders and Speedinvest.
Transaction Overview
Company Name
Announced On
2/15/2023
Transaction Type
Venture Equity
Amount
$8,573,000
Round
Seed
Investors
Proceeds Purpose
The goal of this fundraising was to accelerate the industrialization of our sustainable recycling process, which has been developed over years of research. We now want to scale the process to reach industrial levels, with plans to establish a cutting-edge recycling facility so it can serve more customers across Europe
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
Undisclosed
Aachen, Undisclosed
DE
Aachen, Undisclosed
DE
Phone
Undisclosed
Website
Email Address
Overview
cylib offers an innovative and sustainable technology for Lithium-ion Battery recycling. For a true circular economy instead of further depletion. cylib is a start-up for holistic and innovative battery recycling, starting from discharging to recovery of all components of the lithium battery. cylib was founded in Aachen in 2022 by Lilian Schwich, Paul Sabarny, and Dr. Gideon Schwich.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Lilian Schwich
Chief Operating Officer
Gideon Schwich
Chief Technical Officer
Paul Sabarny
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