Not going to waste! Here's Waste4Change. This Indonesian startup is here to shrink Indonesia's landfills and make waste management greener! Now, they've just raised a $5M Series A.
Investor check. The round was co-led by AC Ventures and PT Barito Mitra Investama. SMDV, Basra Corporation, Paloma Capital, PT Delapan Satu Investa, Living Lab Ventures and Urban Gateway Fund also joined in.
😱 The problem?
Indonesia's landfills are nearing maximum capacity.
🗑 How it works
For you and I. Sort your trash, then drop it off at one of their pick-up points! Plus, you get prizes for helping reduce the waste that goes to landfills.
For B2B customers. They'll regularly pick up your pre-sorted trash and send you waste reports.
♻️ What they do with it?
After collection, they segregate and process the waste in their facilities before sending them to landfills. This reduces the amount of waste that goes to landfills!
😎 More than just collection
They also work with recycling business partners who buy and sell solid waste with Waste4Change, making waste management more traceable and accurate.
🤷🏻♀️ How they're different
They're an end-to-end waste management solution focused on zero waste. This means they'll monitor the waste management process and automate their facilities.
💰 What's with the $$$?
They'll be expanding their waste management capacity to 100 tons per day in the next 18 months and strengthening their partnerships with the informal solid waste sector!
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