El Recycling
Refurbishing and reselling used corporate IT electronics.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | DKK1.0m Valuation: DKK13.3m | Angel | |
| Total Funding | 000k | ||
| DKK | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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El Recycling ApS specializes in the sustainable recycling and reuse of electronic equipment, operating on a circular economy model. The company, established in 2020, acquires used IT from large corporations, then refurbishes, upgrades, and cleans the units to sell them to new customers. Their business model focuses on creating economic and environmental benefits within the IT industry by extending the life of products.
The company's history began in a 600-square-meter pigsty outside Randers, Denmark, with three employees. By 2021, the team grew to 18 people and moved into a larger, 1400-square-meter facility. Growth continued, and in 2022, the company relocated to a +2000-square-meter space. As of 2024, El Recycling employs 70 people in a 4,500-square-meter facility and has expanded with a department in Sjælland. A significant milestone was achieved in 2024 when the company secured an investment from Tahir Siddique after participating in the television show 'Løvens Hule' (the Danish equivalent of 'Shark Tank' or 'Dragons' Den'). The company was also named 'Entrepreneurial Company of the Year 2022' by Business Randers.
El Recycling is co-owned by Michael Hessellund and HR Manager Casper Roensbech. The company handles a wide range of electronic scrap, striving to repair and reuse over 60% of the IT scrap it receives, which amounts to more than 10,000 units monthly. For consumers, El Recycling operates a webshop selling refurbished products like laptops, mobile phones, and tablets. The company also has a social mission, offering employment opportunities to vulnerable individuals in roles such as warehousing, logistics, and production. Their operations are certified under ISO 9001 (Quality Management), ISO 14001 (Environmental Management), ISO 27001 (Information Security), and ISO 45001 (Occupational Health and Safety).
Keywords: IT refurbishment, electronics recycling, circular economy, used IT equipment, sustainable IT, refurbished electronics, corporate e-waste, data destruction, IT asset disposition, electronics reuse, social enterprise, Danish startup, environmental management, refurbished laptops, electronics resale, IT lifecycle management, e-waste solutions, green IT, electronics take-back, corporate social responsibility