Recyda has secured €6.3 million (US$6.8 million) in funding from Cusp Capital, a venture capital firm focused on early-stage investments in European tech companies. The platform assists multinational companies with digitally managing their packaging portfolios and complying with international sustainability requirements. Recyda plans to use the new funds to expand into international markets, acquire new customers and accelerate product development. The company is collaborating with notable brands in the FMCG sector, such as Beiersdorf, Kao and Trolli, among others.
