Recyda provides an international software platform for managing packaging sustainability and compliance data. The system automatically calculates Extended Producer Responsibility (EPR) fees and assesses packaging recyclability against country-specific regulations. This centralized data management enables accurate reporting and supports portfolio optimization for sustainability goals.
Funding
$8.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
CCFounders
Product
Problem
Companies face increasing complexity in managing packaging sustainability due to varying regulations and guidelines across different countries. Calculating Extended Producer Responsibility (EPR) fees and plastic taxes, while optimizing packaging portfolios for recyclability, requires navigating a maze of country-specific rules.
Solution
Recyda offers a data management platform that simplifies packaging sustainability by providing tools to analyze recyclability, calculate EPR fees and plastic taxes, and manage packaging data in one place. The platform digitizes country-specific EPR criteria and tax regulations, enabling accurate forecasting of fees and taxes. It allows users to assess their entire packaging portfolio against current regulations, compare packaging options, and model specific packaging to understand its financial and environmental impact. Recyda also offers reporting and analytics to help companies make informed decisions and identify cost-saving potential.
Target Audience
Recyda targets companies that need to manage packaging sustainability, including those in the consumer goods, food and beverage, and packaging industries, as well as brand owners and manufacturers responsible for packaging compliance.
Features
- Real-time, country-specific impact assessment of packaging recyclability.
- Calculation of (eco-modulated) EPR Fees and Plastic Taxes for various European countries.
- Management of entire packaging portfolios from a single platform.
- Database of recyclability information for comparing packaging options.
- Digital representation of packaging, allowing detailed modeling and assessment.
- Identification of missing data attributes to improve assessment accuracy.
- Reporting and analytics to identify cost-saving potential.
- Master Data Processing to import data from host ERP systems.