# Denovia: Chemicals, London, Canada

> Denovia: Denovia is a Canadian technology company dedicated to upcycling plastic waste through its innovative molecular recycling process.

Source: https://millionrounds.com/startup/denovia (Millionrounds; every figure on the page links to its filing or article)

Canada · [Chemicals startup](https://millionrounds.com/companies)

# Denovia

Denovia is a Canadian technology company dedicated to upcycling plastic waste through its innovative molecular recycling process.

Funding reported Last round: Undisclosed round

Chemicals London, Canada

Company summary

- **Founded:** - not reported
- **Team:** 8 1 to 10 people
- **Funding reported:** 40M as listed, currency not stated
- **Last round:** Undisclosed round Jul 2024

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Denovia has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Denovia

Denovia is a Canadian technology company dedicated to upcycling plastic waste through its innovative molecular recycling process.

The company specializes in a proprietary chemical depolymerization method that transforms plastic waste, particularly PET and polyester, into high-purity monomers. These monomers can be reused to create new plastic products, supporting a circular economy by reducing the need for fossil-fuel-based plastic production. Denovia offers deployable plastic upcycling systems and collaborates with industrial partners, municipalities, and waste-management companies to commercialize its recycling technology. The company emphasizes its ability to handle hard-to-recycle plastics and textile blends, converting them into reusable chemical building blocks. Denovia's technology includes specialized machinery, such as the "PL-2" and a "1000L depolymerization machine." The company actively engages in raising awareness and building relationships through demos, investor updates, and media coverage.

## What company datasets say Denovia raised

Funding, as reported

Reported in all **40M** in the source's currency

Rounds **1**

Last round **Undisclosed round**

Last round size **40M**

Last round date **Jul 2024**

Investors listed **1**

## The company, in detail

What they build

Known for

manufacturing plastic waste recycling textile/polyester blend recycling waste management circular materials environmental services sustainability chemical building blocks mechanical or industrial engineering polyamide depolymerization petrosourced alternatives plastic sorting chemical manufacturing chemicals industrial partnerships environmental impact

Built with from their website

Google Tag Manager WordPress.org Clarity SDM Font Awesome YouTube Viewport Meta SiteGround Google Cloud Hosting Priority Hints Google Font API

+8 more

MySQL PrimeNG Mobile Friendly Vercel Open Graph jQuery RSS Microsoft Clarity

- **Sector:** Chemicals
- **Industry code:** NAICS 32521, 325199, 562920, SIC 2899, 2821, 4953
- **Region:** Ontario
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/denovia-labs)

## Chemicals in Canada

Startups like it

- [**Imtex Membranes** Mississauga · founded 2007 *Raised*](https://millionrounds.com/company/imtex-membranes)
- [**Cyclic Materials** Toronto · founded 2021](https://millionrounds.com/startup/cyclic-materials)
- [**Vive Crop Protection** Mississauga · founded 2006](https://millionrounds.com/startup/vive-crop-protection)
- [**Vaperma** Levis · founded 2007](https://millionrounds.com/startup/vaperma)
- [**NxLite** Toronto · founded 2015](https://millionrounds.com/startup/nxlite)
- [**Ionomr Innovations Inc.** Vancouver · founded 2018](https://millionrounds.com/startup/ionomr-innovations-inc)
- [**Pure Life Carbon Inc.** founded 2017](https://millionrounds.com/startup/pure-life-carbon-inc)
- [**Quantiam Technologies Inc.** Edmonton · founded 1998](https://millionrounds.com/startup/quantiam-technologies-inc)

## Is this your company?

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