Recykal closes $23m bridge transaction combining primary and secondary capital
The June financing supports recycling technology and deposit return systems, alongside an exit for Circulate Capital.
Recykal announced the closure of a $23 million bridge transaction on June 20, 2026, combining new company capital with secondary share sales. The company did not separately disclose the final primary allocation in its updated announcement.
Entrackr’s original filings report identified a Series D share issuance led by Ajay Parekh, with investors including 360 ONE. Circulate Capital sold its holding through the transaction.
Recykal plans to strengthen its technology platform, deploy more deposit return systems, expand waste behaviour change services and pursue international growth. Its digital platform connects brands, recyclers and waste collectors.
Use of funds
Expand the technology platform
Deploy deposit return systems
Develop waste behaviour change services
Expand internationally