Solarcycle Raises $30M To Scale Advanced Recycling For The Solar Industry
Mar 15, 2023•over 2 years ago
Amount Raised
$30 Million
Investors
Closed Loop PartnersUrban Innovation FundPrologis VenturesHg VenturesFifth Wall
Description
SOLARCYCLE, a tech-driven recycling company focused on producing sustainable materials at scale for the solar industry, today announced that it has raised $30M in Series A funding, bringing the company's total funding to $37M since its inception a year ago.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech