Resilco, a Bergamo-based start-up that has developed an innovative technology for the treatment of certain types of industrial waste by transforming them into secondary raw materials that can be used in the construction sector, with associated CO2 storage, announces the closing of a EUR 5 million Series A round.
The round is led by 360 Capital through its climate tech fund 360 LIFE II – also supported by CDP Venture Capital, through the Green Transition Fund, which uses PNRR resources allocated by the EU through the NextGeneration EU initiative, and with the involvement of the LV 360 Parallel Fund, participated by Lombardia Venture, an initiative of the Lombardy Region financed with European funds from the ERDF PR 21-27 and managed by Finlombarda, which supports the growth and development of Lombardy start-ups with strong potential for technological innovation. The round also saw the participation of Tech4Planet, a national technology transfer hub promoted by CDP Venture Capital for environmental sustainability. This round follows the EUR 1.2 million round of 2023, which had been led by Tech4Planet with the participation of partner FECS Technology.
360 Capital announced last December the first closing of the 360 LIFE II fund at EUR 140 million, with a final target of EUR 200 million, through the involvement of industrial partners and institutional investors. The fund aims to invest in Series A and B rounds of European start-ups focused on energy transition, circular economy and urban sustainability. Resilco represents the 360 LIFE II fund’s first investment in Italy, confirming 360 Capital’s commitment to supporting innovative realities in these sectors in Italy.
Resilco, which is a charitable company, will use the capital raised to support its growth in the market, build its first mobile plant in 2026 and, in 2027, the first industrial plant in Italy for the recovery and transformation of certain types of industrial waste into secondary raw materials that can be used in sectors such as construction, with attached CO2 storage.
Resilco was founded in 2019 in Bergamo by David Callejo Munoz, CEO; in 2023 he was joined by Paolo Brazzo, head of R&D, Alessandro Panza, head of engineering, and Marta Cecilia Pigazzini, head of business development (pictured), with the aim of minimising waste disposal, reducing CO2 emissions and preserving natural resources, while generating economic value.
Resilco has developed a technology capable of treating and recovering different types of industrial waste of an alkaline nature, such as fly ash from waste-to-energy plants, steel slag from steel production, and flue gas dust from various industrial sectors such as ceramic and glass production. Today, these wastes are mainly disposed of in landfills, but the technology developed by Resilco will make it possible to transform them into valuable secondary raw materials that, once end-of-waste is obtained, can be placed on the market and used in sectors such as construction, production of mortars, concretes, plasters, resins and bitumen, while storing CO2 and avoiding landfill disposal. In detail, Resilco’s technology accelerates the natural carbonation process, whereby a substance, in the presence of carbon dioxide, gives rise to the formation of carbonates, immobilising the hazardous elements in the waste. One of the winning features of the process is its simplicity: it operates at ambient temperature and pressure, requires CO2 as the main reactant and in less than an hour transforms a waste into a recycled material that can then be used in the production of mortar, concrete, bitumen.
“Reducing landfilling, recovering waste and bringing it back to the market as recycled materials accompanied by permanent CO2 storage are three of the global challenges our company is facing. We are delighted with the closing of this round because it allows us to grow and establish ourselves in the market, providing our technology that responds with one simple process to these three major challenges, while meeting the growing demand for alternative and sustainable solutions for industrial waste management,’ David Callejo Munoz explains in a note.
“Resilco redefines industrial waste management with a patented technology that turns a cost into an opportunity. Resilco’s technology not only drastically reduces fly ash disposal costs with annual savings for utilities in the tens of millions of Euros, but also generates new revenue sources and actively contributes to CO2 storage through a sustainable, scalable and highly profitable business model. We are excited to support the Resilco team on this path of growth and industrialisation,’ says Alessandro Zaccaria, partner at 360 Capital
“Tech4Planet aims to support traditional industries in becoming more competitive through the introduction of innovative technologies with a strong impact on sustainability and economic potential. In this context, we are happy to see how Resilco, 18 months after our first investment, has reached an important milestone in its growth path. Our participation as a follower in this round reaffirms our commitment to supporting their growth and innovation,’ comments Claudia Pingue, senior partner and head of CDP Venture Capital’s Technology Transfer fund.
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