LabCycle, the UK’s first circular economy solution for laboratory plastic waste, has secured investment from the Angel Academe EIS Fund, managed by SyndicateRoom. The investment marks the fund’s second deal and includes participation from members of the Angel Academe syndicate.
Founded by a team of female scientists, LabCycle addresses plastic waste generated by research and clinical laboratories, which research indicates amounts to an estimated 5.5 million tonnes annually. Historically, this high-grade plastic has been sent to landfill or incinerated due to the complexities of decontamination.
LabCycle’s proprietary technology transforms contaminated laboratory plastic waste into high-grade recycled plastic pellets, enabling reuse within the healthcare and biotech industries and supporting a circular economy model.
The funding reinforces the Angel Academe EIS Fund’s focus on backing female-founded companies with structural impact and will support LabCycle as it scales its operations and expands adoption across research and healthcare organisations.
