France’s Recupyl gets cash for recycling

French recycling company Recupyl, which uses hydrometallurgy to recycle batteries, displays and other materials, said yesterday that it raised €14.5 million ($18.4 million) in financing. Recupyl joins a long list of recycling companies that have been taking in funding this year, but unlike those startups, Recupyl, founded in 1993, already has more than a few years of experience under its belt. The fresh cash for Recupyl comes from new investors led by AGF Private Equity, as well as original backer Aloe Private Equity. Recupyl said INPG Enterprise, which provided seed funding for Recupyl, still holds a stake in the company, but did not disclose if INPG Enterprise participated in this latest round.

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