Founded in 2016 by Julien Lesage, Hubcycle specializes in the upcycling of food industry by-products, creating new resources from materials unused by the agri-food sector. The startup works with industrial partners to collect by-products, such as fruit peels or pressing residues, and transforms them into high-value ingredients for the cosmetic and food sectors. By implementing an efficient circular model, Hubcycle enables companies to make use of these by-products while significantly reducing their ecological footprint.
Hubcycle has experienced strong growth, with revenues approaching 7 million euros in 2024. Its ability to remunerate suppliers between two and twenty times more than traditional solutions has driven the adoption of its model by a growing number of industrial partners. In 2023, the startup already valorized 600 tons of by-products, resulting in a near 4,000-ton reduction in CO2 emissions. Through the development of advanced technological tools to analyze the 800 data points each site generates, Hubcycle continues to optimize the traceability and quality of its products.
Amid rapid expansion, 60% of the contracts signed by Hubcycle in the first half of 2024 were international. With global ambitions, the company aims to expand its operations in North America, South America, the Middle East, and Asia, seeking to establish itself as a global leader in agro-industrial waste upcycling. Its long-term goal is to surpass 10,000 tons of CO2 emissions avoided, actively contributing to the fight against industrial waste.
To support this expansion, Hubcycle announces a Series A funding round of 15 million euros, including 12 million in equity, led by new investors ETF Partners, Raise, and Techmind, along with historical investors Daphni, Citizen Capital, Swen Capital Partners, and Bleu Capital. This funding will enable Hubcycle to accelerate its R&D capabilities, strengthen quality certifications, and further its international development.
