/Companies

Hubcycle

Founded 2016 · 43 employees on LinkedIn · 9 known investors

Find your way into Hubcycle

Sign up to see every warm intro you have to Hubcycle

  • Paths you didn't know you had: your email and LinkedIn already hold routes to the Hubcycle team. We find them
  • 2nd- and 3rd-degree connections: the friend-of-a-friend routes you can't see from your own inbox or LinkedIn
  • Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone

Days of research, done the moment you sign in, with every route ranked by how warm it is.

Hubcycle identifies and sources by-products from the agri-food industry, transforming them into high-quality, sustainable ingredients for food manufacturers at competitive prices.

Also known as Hub.cycle · Hub.cycle by GMR

Investors · 9

Also in the syndicate · 3

CitizenSwenTechmind

Company profile

researched Aug 2026

Hubcycle is an Avignon, France-based company that upcycles secondary flows from agro-industrial processing into new raw materials for the food and personal care industries. It identifies the parts of fruits, vegetables, spices and other plants that a given factory does not use — fruit peels, off-grade vegetables, oil pressing residues, powders that are too fine or too coarse — and characterises the molecules and functionalities they contain so they can be sold as inputs to other industries. Outputs include spices, flours, juices and aromas.

The company operates as a platform connecting industrial suppliers of by-products with industrial buyers of ingredients, breaking down production chains to locate unused resources. Each by-product source is described by around 800 data points, and the company runs a laboratory used to characterise by-products for different industrial applications. It is classified in the recycling/cleantech segment with a B2B model and, as of 2024 disclosures, employed between 11 and 50 people.

Hubcycle positions its offer around cost as well as environmental performance: it states its upcycled ingredients are on average 30% cheaper than standard ingredients, and it addresses an estimated 290 million tons of factory waste generated annually.

Compiled by commissioned research from 6 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Addressable factory wasteOct 2024290,000,000 tons per year
Average price discount of upcycled ingredients vs standard ingredientsOct 202430%
By-products identified and characterizedOct 20241,250 by-products
By-products valorizedJan 2023600 tons
CO2 emissions avoidedJan 20234,000 tons
Data points generated per waste sourceOct 2024800 data points
French food and cosmetics groups worked withApr 202230 companies
Headcount rangeJan 202411-50 employees
Share capitalJan 2024$250.4K
Total funding raised before 2024 roundOct 2024$5M
Total funds raisedJan 202420,000,000 EUR

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 4

launches, deals, and filings
Oct 2024
International scaling plan and hiring of 80 employees

Following its 2024 round, Hubcycle stated it intends to scale globally in agro-industrial upcycling and to hire 80 new employees over the next two years.

source ↗

Oct 2024
EUR 15 million third funding round led by ETF Partners

Hubcycle announced a third fundraising round of EUR 15 million backed by new investors ETF Partners, Raise and Techmind alongside historical investors Daphni, Citizen, Swen and Bleu Capital. Proceeds are earmarked for identifying 4,000 new waste sources, launching 400 new ingredients, a new technological approach to exploit the 800 data points per waste source, quality assurance and certification, logistics, lab tooling and 80 new hires over two years.

source ↗

Apr 2022
EUR 3.5 million round co-led by Citizen Capital and Bleu Capital

Avignon-based Hubcycle completed a EUR 3.5 million (about $3.8 million) round co-led by Citizen Capital and Bleu Capital, joined by existing investors Daphni and Swen Capital Partners.

$3.8M source ↗

Jan 2021
Raised EUR 1.5 million from Daphni and Swen Capital

Hubcycle raised EUR 1.5 million from daphni and Swen Capital in 2021, prior to its 2022 round.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

▸Research sources · 6

primary sources listed

6 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Hubcycle do?
French upcycling platform converting food and plant industry by-products into food and cosmetic ingredients.
Who are Hubcycle's investors?
Hubcycle's investors include Bleu Capital, Daphni, ETF Partners, Citizen Capital, RAISE, SWEN Capital Partners.