# UpSolv: Plastics, Montreal, Canada

> UpSolv: UpSolv is a Montreal-based cleantech company specializing in recycling hard-to-recycle thermoplastics, particularly polystyrene (PS) and ABS.

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

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

# UpSolv

UpSolv is a Montreal-based cleantech company specializing in recycling hard-to-recycle thermoplastics, particularly polystyrene (PS) and ABS.

Funding reported Last round: Series B

Plastics Montreal, Canada

Company summary

- **Founded:** 2011 15 years old
- **Team:** 28 11 to 50 people
- **Funding reported:** 28.9M as listed, currency not stated
- **Last round:** Series B 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 UpSolv 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 UpSolv

UpSolv is a Montreal-based cleantech company specializing in recycling hard-to-recycle thermoplastics, particularly polystyrene (PS) and ABS.

The company uses a patented low-temperature, low-pressure dissolution process to transform contaminated plastic waste into high-purity, virgin-grade polymers. Originally founded as Polystyvert Inc. in 2011, UpSolv rebranded in 2024-2025 to reflect its broader focus on various thermoplastics beyond Styrofoam. UpSolv's core service involves recycling by dissolution and purification, which emits up to 90% less greenhouse gas compared to traditional virgin plastic production. The company offers recycled polystyrene (rPS) as a competitively priced alternative to virgin materials, along with custom purified resins for ABS, polypropylene (PP), and polyethylene (PE). UpSolv serves multiple industries, including packaging, construction, electronics, automotive, pharmaceuticals, and toys, providing sustainable materials that meet industry specifications without compromising performance or cost.

## What company datasets say UpSolv raised

Funding, as reported

Reported in all **28.9M** in the source's currency

Last round **Series B**

Last round size **11.7M**

Last round date **Jul 2024**

Investors listed **5**

## Founders and team

From UpSolv's own website: 2 on the team.

- **Jan-Willem Muller** Director
- **Marien Bélanger** Senior Project Director

## The company, in detail

What they build

Known for

recyclage plastique recyclage de polystyrene services chemicals plastics manufacturing b2b recyclage abs

Built with from their website

Google Tag Manager LiteSpeed WordPress.org HREF Lang Viewport Meta tarteaucitron Priority Hints Microsoft Exchange Microsoft 365 Apps & Services Mobile Friendly

+8 more

Multilingual MailJet Open Graph Google Analytics HTTP/3 Microsoft Exchange Online Gravity Forms HSTS

- **Sector:** Plastics
- **Industry code:** NAICS 325211, SIC 2821
- **Region:** Quebec
- **Revenue:** 5.9M a year, as listed

## Plastics in Canada

Startups like it

- [**Lavergne** Montreal · founded 1984](https://millionrounds.com/startup/lavergne)
- [**Tyromer Inc.** Toronto · founded 2009](https://millionrounds.com/startup/tyromer-inc)
- [**Mold-Masters Limited** Halton Hills · founded 1963](https://millionrounds.com/startup/mold-masters-limited)
- [**Plastifab** Montreal · founded 1975](https://millionrounds.com/startup/plastifab)
- [**Dimension Composite inc.** Saint-Georges · founded 1996](https://millionrounds.com/startup/dimension-composite-inc)
- [**Reusable Bubble Tea Cup** Vancouver · founded 2018](https://millionrounds.com/startup/reusable-bubble-tea-cup)
- [**Versaprofiles** Saint-Lazare-de-Bellechasse · founded 1965](https://millionrounds.com/startup/versaprofiles)

## Is this your company?

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