Madrid-based startup Dcycle, which streamlines ESG management with its all-in-one sustainability tool, has raised €6 million in a Series A round led by Samaipata, with support from Ship2B Ventures. The funding will support Dcycle's expansion into Germany, Italy, and the United Kingdom.
- Established in 2020 by Juanjo Mestre, Jacobo Umbert, and Luis Escámez, Dcycle simplifies ESG management by centralizing sustainability data and automating processes such as carbon footprint calculation and reporting.
- Verified by TÜV Rheinland, the platform leverages AI and cloud computing to help businesses manage non-financial data, including environmental impacts and regulatory compliance, without the need for complex installations.
- The startup employs a team of 50 and supports notable sustainable brands, including Blue Banana, HABLA, SYLVANIA, Scalpers, and Sepiia.
Details of the deal
- The Series A round was led by Samaipata, an early-stage venture fund that invests in digital businesses with network effects across Europe.
- The round also saw participation from Barcelona-based VC Ship2B Ventures, Sabadell Venture Capital, which supports startups from early-stage to growth, Valencia-based VC Draper B1, Decelera, and Angels Capital.
"This round will fuel Dcycle's growth plans, expanding into Germany, Italy, and the United Kingdom, accelerating technological development, and continuing strengthening its team, which already has 50 employees," Ship2B Ventures's team, stated on LinkedIn.
- The startup plans to use the funds to grow its workforce, expand into European markets like Germany, Italy, and the United Kingdom, and enhance its platform while strengthening strategic partnerships.
