Sykell secures 4.5 million euros in further growth capital for its „Einfach Mehrweg“ system, which offers a sustainable alternative to disposable packaging for to-go food and drinks. In addition to REWE Group, which is once again investing in the company, Collateral Good Ventures and Interzero are the new main investors.
For consumers, the system is designed to be as user-friendly as the tried-and-tested deposit bottle system. With „Einfach Mehrweg No registration, customer account, app downloads or personal data required. Returning the containers and cups is just as easy as returning deposit bottles via the existing reverse vending machines of participating partners throughout Germany.
Sykell works nationally with food retailers, petrol stations and restaurants. As an integrated „Simply Reusable“ system, the simple full-service reusable solution is of interest to both large retail companies and individual owner-managed catering businesses, which have had to comply with the reusable supply obligation since 1 January 2023. The complete package includes cleaning logistics, clearing and deposit settlement. In February 2023, Sykell announced its strategic partnership with Interzero, the international provider of sustainable circular concepts.
“With our ‚Einfach Mehrweg‘ system, we are pursuing the approach of extending the benefits of the established deposit system for drinks to other product and food categories. Our clear goal is to establish ‚Einfach Mehrweg‘ as the dominant reusable system in Germany. We will use the additional capital to continue to rapidly expand the ‚Einfach Mehrweg‘ range in Germany.“
Davide Mazzanti, CEO of Sykell
Felix Held, Managing Director at Interzero, adds: “Reusable deposit systems must and will completely replace disposable packaging in many areas. Sykell has developed a consumer-friendly system and demonstrated impressive short-term scalability. With our investment and our strategic partnership with Sykell, we look forward to helping both consumers and participating companies become more sustainable - in line with our vision of a world without waste.“
Michael Kleindl, Managing Partner, Collateral Good Ventures: “Sykell impressed us with its strategy that includes all market participants and the consistent development of a simple solution during the introduction phase of the reusable supply obligation We have been very impressed by the new product in an extremely difficult market environment. The business model offers a simple and sustainable reusable solution for retail groups and consumers alike.“ Collateral Good Ventures is a venture capital investor that aims to use capital to promote innovation and technology in order to transform unecological industrial systems into more sustainable ones. In doing so, Collateral Good Ventures is committed to following the SFDR (Sustainable Finance Disclosure Regulation) in the strictest interpretation of Article 9.
Source: Sykell
