Recup reusable system receives 12 million euros

The Munich-based start-up Recup/Rebowl has received a further 12 million euros from investors to expand its reusable system. Founded in 2016, the Munich-based company now offers its plastic cups and bowls in 12,000 outlets across Germany.

Together with the existing shareholder Müller Medien, blueworld.group, an investor and innovator for sustainable growth, Summiteer, the investment company of serial entrepreneur and e-mobility pioneer Sven Schulz, and GLS Bank are participating.

„As a pioneer, we have been proving for many years that reusable packaging works in the catering industry and, together with our partners, are making a significant contribution to waste avoidance. We will use the additional capital to consistently expand our market leadership in the restaurant and delivery service sector and offer our partners and to-go users a comprehensive, sustainable and long-term reusable solution„, says Florian Pachaly, co-founder of Recup. „Thanks to existing and new financing partners in this growth financing programme, we can continue our Infrastructure for the reusable supply obligation in the catering industry from January 2023,“ continues Pachaly.