When was Recyc’ELIT founded?

Recyc’ELIT was founded in 2019 and raised its 1st funding round 4 years after it was founded.

Where is Recyc’ELIT located?

Recyc’ELIT is headquartered in Chasse sur Rhone, France.

How many employees does Recyc’ELIT have?

As of Jun 30, 2026, the latest employee count at Recyc’ELIT is 26.

Is Recyc’ELIT a funded company?

Recyc’ELIT is a funded company, having raised a total of $3.39M across 3 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Jan 01, 2023.

When was the latest funding round of Recyc’ELIT?

Recyc’ELIT's latest funding was a $***** Seed round on May 15, 2024, with participation from 1 investor.

Where does Recyc’ELIT rank among its competitors?

Recyc’ELIT ranks 13th amongst 63 active competitors, of which 9 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was ECOMMIT, which secured $9.45M in Apr, 2026.

Who are the top competitors of Recyc’ELIT?

Recyc’ELIT's top competitors include BlockTexx, ECOMMIT and DyeRecycle. Among them, ECOMMIT secured the most recent funding round in April, 2026.

Recyc’ELIT - 2026 Company Profile, Team, Funding & Competitors

Company Details

Recyc'Elit is an innovative startup that has developed a patented low-carbon recycling process for polyester-based textile materials. They specialize in the selective chemical separation of polyester from other fiber materials without causing damage. Their goal is to solve complex textile recycling issues and contribute to the circular economy.

Website: www.recyc-elit.com/
Email ID: *****@recyc-elit.com
Phone Number: +33 **********

Key Metrics

Founded Year

2019

Location

Chasse sur Rhone, France

Stage

Seed

Total Funding

$3.39M in 3 rounds

Latest Funding Round

Seed, May 15, 2024, $*****

Investors

Decathlon & 3 more

Ranked

13^th among 63 active competitors

Employee Count

26 as on Jun 30, 2026

Similar Companies

BlockTexx & 65 more

View Recyc’ELIT's full profile

Recyc’ELIT has raised a total funding of $3.39M over 3 rounds. Its first funding round was on Jan 01, 2023. Its latest funding round was a Seed round on May 15, 2024 for $*****. 1 investor participated in its latest round. Recyc’ELIT has 4 institutional investors.

Here is the list of recent funding rounds of Recyc’ELIT:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 15, 2024	2576392	Seed	4880517	8757854	4167105	2487667
Oct 31, 2023	4921145	Seed	2485286	9708212	1349750	UI Investissement
Jan 01, 2023	7868203	Grant (prize money)	3619143	8771283	6732345	Europa

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View details of Recyc’ELIT's funding rounds and investors

The founders of Recyc’ELIT are Raouf Medimagh and Karim Medimagh.

Here are the details of Recyc’ELIT's key team members:

Raouf Medimagh: Co-Founder of Recyc’ELIT.
Karim Medimagh: Co-Founder of Recyc’ELIT.

View details of Recyc’ELIT's Founder profiles and Board Members

Recyc’ELIT's employee count trend

Recyc’ELIT has 26 employees as of Jun 26. Here is Recyc’ELIT's employee count trend over the years:

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Top competitors of Recyc’ELIT include BlockTexx, ECOMMIT and DyeRecycle. Here is the list of Top 10 competitors of Recyc’ELIT, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	BlockTexx 2018, Manly (Australia), Series B	Provider of textiles waste recycling services	$7M	Fashion For Good, EREMA & 5 others	46/100
2nd	ECOMMIT 2007, Kagoshima (Japan), Series B	Provider of waste recycling services	$19.8M	Chubu Electric Power, Nippon Express & 13 others	46/100
3rd	DyeRecycle 2022, London (United Kingdom), Seed	Developer of technology for recycling dyes and fibers from textile waste	$1M	Octopus Ventures, Ukri & 5 others	40/100
4th	Usha Yarns 1996, Chandigarh (India), Seed	Provides textile recycling services	$842K	-	38/100
5th	Soft Landing 2009, Port Kembla (Australia), Acquired	Provider of mattresses collects and recycling services	-	-	38/100
6th	Reju 2023, Nanterre (France), Funding Raised	Developer of textile regeneration system to recirculate and recover textile waste	-	Rijksdienst voor Ondernemend Nederland	37/100
7th	FABSCRAP 2016, New York City (United States), Unfunded	Provider of textile reuse and recycling services	-	-	35/100
8th	Phoenix Fibers 2011, Chandler (United States), Unfunded	Provider of textile recycling services	-	-	34/100
9th	Rester 2019, Paimio (Finland), Series A	Provider of waste textiles services	$11.1M	Lindstrom, Tesi & 3 others	33/100
10th	Reekom France, Series A	Provider of industrial-scale product revalorization services for responsible brands	$4.9M	Super Capital, KIMPA & 2 others	33/100
13th	Recyc’ELIT 2019, Chasse sur Rhone (France), Seed	Provider of textile recycling services	$3.39M	Europa, Demeter & 2 others	33/100