Skytech secures €5M from Xerys.

Skytech, a Paris (Bonnieres-sur-Seine), France-based company active in the recycling business, announced completing a €5M ($6M) capital funding round.

The money was raised from existing investor Xerys.

Skytech, founded in 2013 as APR2, produced a tech-based process for recycling of plastic waste, sorting a mixture of plastic waste to allow recycling on an industrial scale.