DEScycle, a London-based startup constructing next-generation metals processing infrastructure for essential and treasured metals restoration, has secured greater than €10 million in confirmed non-dilutive funding over the previous 10 months from European and UK innovation programmes.
The funding has been secured throughout a collection of aggressive UK and European programmes, together with €5 million from EU Horizon, €1.5 million from Germany’s SPRIND, €2.5 million from the EIC Accelerator, €1.04 million (£900k) awarded by way of Innovate UK Investor Partnerships and €578.3k (£500k) by way of a UKRI Future Leaders Fellowship. Other than the grant funding, in November 2024, the agency raised €12.2 million in a Sequence A spherical.
Fred White, co-founder and Chief Business Officer at DEScycle, mentioned, “Vital uncooked supplies have gotten a strategic precedence for each the UK and Europe, and that’s creating rising demand for brand spanking new metals processing infrastructure. Securing greater than €10m in confirmed non-dilutive funding throughout aggressive European and UK programmes is a powerful sign of the significance of home metals restoration.
“For DEScycle, this funding helps de-risk deployment by permitting us to run our demo plant for longer, generate extra information and make higher design selections earlier than industrial scale-up. It additionally allows us to trial and combine complementary applied sciences into our platform, serving to us carry a stronger product to market.”
DEScycle is a DeepTech startup that creates modern steel restoration and recycling strategies utilizing eco-friendly Deep Eutectic Solvents (DES). It has developed a distributed, modular platform that deploys repeatable, capital-light items, enabling metals to be recovered nearer to the place supplies are generated.
Beginning with digital waste, DEScycle states that it transforms underutilised home waste streams right into a resilient, sovereign steel provide and reduces publicity to lengthy, geographically concentrated provide chains whereas supporting UK industrial functionality.
The UK startup claims that its proprietary ionometallurgy platform allows lower-capex, lower-energy processing, unlocking quicker returns on capital and scalable community development with out the constraints of conventional smelting infrastructure.
This funding will assist workstreams which might be strategically essential to DEScycle’s transfer towards industrial validation. This consists of working its demo plant for longer, producing extra information to tell design selections, increasing buyer trial capabilities and integrating complementary applied sciences into the corporate’s wider platform.
It can additionally assist the event of digital product passports, that are supposed to offer traceability for recovered metals and assist clients perceive provenance all through the provision chain.
Development of DEScycle’s demo plant is progressing in Teesside, with a deliberate launch in H2 2026. It has additionally secured strategic and industrial validation from companions, together with Mitsubishi, GAP Group and Cisco, with GAP Group and Cisco confirmed for buyer trials in 2026, as the corporate strikes towards broader industrial engagement.
