HTGF invests in Recycling Angel

The fresh capital will be used to enable the expansion of Recycling Angel's data deletion and resale services.

HTGF believes Recycling Angel possesses strong growth potential following recent deals with large corporations, including Commerzbank, Hannover 96 and Krombacher.

Company
Recycling Angel operates under the name reAngel and is based in Hamburg. It was founded in 2011.

The firm offers B2B cell phone data deletion and reselling services for coporates' obsolete cell phones, laptops and desktop PCs. It currently operates in five European countries.

People
Michael Strzyz is investment Manager of HTGF. Philip Nissen is the founder of Recycling Angel.

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• Topics
• DACH
• Expansion
• Technology
• Germany
• High-Tech Gründerfonds