Radical Dot, a Munich-based startup specializing in disruptive chemical recycling technology, successfully closed a €2.7 million Pre-Seed funding round to enhance its innovative process for transforming mixed plastic waste into valuable chemicals.
Information on the Target
Radical Dot is an innovative climate technology startup based in Munich, Germany, focused on advancing a revolutionary chemical recycling method designed to address one of the most pressing environmental challenges—plastic waste. Successfully completing a €2.7 million Pre-Seed funding round, the company aims to scale its low-temperature catalytic process that effectively transforms mixed plastic waste into cost-competitive chemicals. This process significantly reduces energy consumption, thereby supporting the creation of a sustainable and economically viable circular economy.
Founded by Dr. Andreas Wagner and Alexandre Kremer, Radical Dot emerged from TUM Venture Labs ChemSPACE. The founders bring substantial expertise from their previous work with Systemiq, where they developed a global roadmap for the chemical industry's transition to net-zero emissions. Their mission is to mitigate plastic pollution and pave the way for innovative solutions in the chemical sector, aligning with growing regulatory requirements and sustainability goals.
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Industry Overview in Germany
The chemical industry in Germany is one of the country’s most vital economic sectors, contributing significantly to GDP and employment. However, it is also responsible for about 4% of global greenhouse gas emissions, necessitating
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Disclosed details
Transaction Size: $3M