Circular Economy - Tracxn Feed Report - 28 Jun 2022

TRACXN FEED REPORT
CIRCULAR ECONOMY
JUNE 28, 2022

Contents
Overview
Funding
Investors
Acquisitions
IPOs
Companies
Unicorns
Business Models
News
Appendix
Feed Report - Circular Economy - Jun 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
Overview Summary
Funding Market Map
Investors
Acquisitions
IPOs
Companies
Unicorns
Business Models
News
Appendix
Circular Economy - Summary (1/2)
Top Companies Key Stats
Phenix AMCS
(2014, France, $18.3M) (2004, Ireland, $143M) 1,826 845 $10.1B
Carbon Clean Redwood Materials Companies Funded Total Funding
(2009, United Ki.., $214M) (2017, United St.., $792M) Companies
AMP Robotics Crusoe Energy

(2015, United St.., $77.7M) (2018, United St.., $513M)
$4.8B 72 23
LanzaTech Rubicon
(2005, United St.., $369M) (1989, United St.., $1.0M) Funding in last 2 Acquisitions IPOs
years
Scope of Feed Top Geographies by Companies

Total Companies
What is included
United States 488
Companies that provide solutions to reduce and manage emissions, reduce and recycle
waste, filter wastewater, renewable energy providers.
India 193
United Kingdom 143

What is not included
It excludes companies providing generic eco-friendly products, sustainable Canada 100
technologies as well as consulting companies that provide advisory services for
environmental protection. Germany 77
Unfunded Companies Funded Companies
4 Feed Report - Circular Economy - Jun 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Circular Economy - Summary (2/2)
# Companies by Stage Y-o-Y Funding $ Funding by Country
Total Funding: $10.1B
United States (60.6%)
Founded 1826 -
Canada (15.0%)
Funded 845 100%
Switzerland (7.8%)
Series A+ 164 19% United Kingdom (5.7%)
India (2.1%)
Series B+ 81 9%
Ireland (1.6%)
Series C+ 49 5%
Finland (1.5%)
Series D+ 25 2% Others (5.6%)
$ Funding # Rounds
Top Funding Rounds in last 2y Top Investors Top Exits

Company Round Details Stage Investor # Portfolio Type Company Acq. Price/IPO Mcap
Redwood Materia.. Plug and Play Tech C.. 11 Ramky Enviro
(2017, United States, $792M)
$700M-Series C Seed (1994, India, $35.2M)
$530M
EIT Climate-KIC 9
Stage
Climeworks Techstars 8 ecoATM
$650M-Series E Acq. (2008, United States, $348M)
$350M
(2009, Switzerland, $762M)
Plug and Play Tech C.. 9
Solugen Early NanoH2O
$357M-Series C SDTC 8 (2005, United States, $89.9M)
$200M
(2016, United States, $387M) Stage
Imagine H2O 6
Crusoe Energy.. NX Filtration
$350M-Series C (2012, Netherlands)
$670M
(2018, United States, $513M) Breakthrough Energy 4
Late IPO
Enerkem BDC 3 Loop Industries
$255M-Series H Stage $417M
(2000, Canada, $859M) Waste Management 3 (2015, Canada)
Marketmap: HR Tech Sep 2020
Marketmap - Circular Economy
AIR POLLUTION MANAGEMENT TECH SOLID WASTE MANAGEMENT TECH Top Business Models in last 1y
CARBON CAPTURE COLLECTION
Business Model Funding
Lithium Battery Recyclers $839M
Carbon Sequestration through

RECYCLING $776M
Adsorption
WATER AND WASTE WATER MANAGEMENT Waste Gas to Computing
$350M
WATER TREATMENT
TECH
$ Energy
ORGANIC WASTE CONVERSION Waste To Fuel $301M
Bio Ethanol From Waste $255M

WATER-FROM-AIR
WASTE-TO-ENERGY Plastic Waste Recyclers $168M
Fibre Waste Recyclers $136M
Waste to Electricity $130M
Syngas From Waste $116M
Software for Solid Waste

$57.2M
Management
*Upcoming Business Model

Contents
Overview
Funding Funding Funnel
Investors Y-o-Y Funding Trends
Acquisitions Funding by Geography
IPOs Y-o-Y Stage wise Funding
Companies Median Round Size by Stage
Unicorns New Entrants to Funded Club
Business Models Funding by Team Background - College wise
News Funding by Team Background - Company wise
Appendix List of Key Funding Rounds
Funding Funnel
# Companies Funding Funnel Moved from Avg. Years from first
Stage
% previous Stage % funding
Founded 1,826 - - -
Funded 845 100% 46% -
Series A+ 164 19% 19% 2.7
Series B+ 81 10% 49% 3.7
Series C+ 49 6% 60% 4.1
Series D+ 25 3% 51% 9
Y-o-Y Funding Trends
Top Funding Rounds in last 2 years
Company Funding Round
Redwood Materials
(2017, United States)
$700M - Series C
Climeworks
(2009, Switzerland)
$650M - Series E
Solugen
$357M - Series C
Crusoe Energy
$350M - Series C
Enerkem
(2000, Canada)
$255M - Series H
Plastic Energy
(2017, United Kingdom)
$168M - Series A
Carbon Clean
$150M - Series C
Crusoe Energy
$128M - Series B
SOURCE
$ Funding (3y) CAGR = +51% (2010, United States)
$109M - Series D
Bioenergy DevCo
$ Funding (5y) CAGR = +65% (2019, United States)
$100M - PE
Note: Funding includes only Equity Funding. It excludes Debt, Grant, Post-IPO and ICO funding.
Funding by Geography
Distribution by Country - Total Funding ($) Top Cities by Funding
# Rounds Top Funded Company Montreal $876M

Redwood Materials
United States 475
(792M) Carson City $792M
Canada 106 Enerkem (859M) Zurich $764M
Switzerland 14 Climeworks (762M) Denver $513M
London $510M
United Kingdom 67 Carbon Clean (214M)
Atlanta $429M
India 98 Let's Recycle (38.6M)
Houston $401M
Ireland 15 AMCS (143M)
San Diego $372M
Finland 23 Solar Foods (41.6M)
Skokie $369M
France 43 Fermentalg (30.3M)

King Of Prussia $251M
Note: Funding includes only Equity Funding. It excludes Debt, Grant, Post-IPO and ICO funding.
Y-o-Y Stage-wise Funding Trends
Stage-wise $ Invested Stage-wise Number of Rounds
$415M $670M $889M $808M $2.3B $2.2B 75 105 109 101 144 78
Seed Early Stage Late Stage Total Funding Seed Early Stage Late Stage Total Rounds
Note: Seed includes Seed, Angel rounds. Early Stage includes Series A,B rounds. Late Stage includes Series C+, PE, Pre-IPO rounds.
Median Round Size by Stage
Stage Round size - Min, Median, Max (2017-2022) Y-o-Y Median Round Size (2017-2022)
Late Stage $48.6M

$700K $700M
Series B $15.6M
$1.7M $128M
Series A $6.0M
$87.5K $168M
Seed $800K
$4.4K $11.8M
2017 2018 2019 2020 2021 2022 YTD
Note: Seed includes Seed, Angel rounds. Early Stage includes Series A,B rounds. Late Stage includes Series C+, PE, Pre-IPO rounds.
New Entrants to Funded Club
Notable
Companies
AMP Robotics Li-Cycle Crusoe Energy Bower Sensoneo Lithion Recycling
(2015, United States, (2016, Canada) (2018, United States, (2020, Sweden, $5.7M) (2014, Slovakia, (2018, Canada,
$77.7M) $513M) $2.3M) $15.0M)
Funding by Team Background - College wise
Distribution by Team Background
Massachusetts Solugen INENTEC Joule Unlimited

Institute of Tec.. $387M $230M $190M
Stanford University Redwood Materi.. Hara Lohum

$792M $45.0M $11.0M
IIT Kharagpur Carbon Clean Encashea

$214M -
Harvard Business Joule Unlimited Lohum CarbonBuilt

School $190M $11.0M $10.0M
University of Carbon Enginee.. BioCellection Genecis

Toronto $103M $300K -
University of NanoH2O ReGrained The Hurd Co

California (Los .. $89.9M $3.0M -
University of 4New ECOR Global CycloPure

California (Berk.. $30.5M $20.2M $10.0M
Air Co. Prometheus Angstrom Byaku..

Yale University
$40.0M $12.5M -
Total Funding
Note: Number in the bracket is the Total Funding raised by the Company
Funding by Team Background - Company wise
Google AMP Robotics Dalmia Polypro.. Graviky

$77.7M $5.1M $120K
Microsoft WISErg SunToWater Tec.. GeniCan

$56.6M $2.4M -
Facebook Hara FusionOne

$45.0M -
McKinsey Winnow Wastelink Opus 12

$24.1M $1.5M $350K
Apple ZenRobotics SunToWater Tec..

$17.1M $2.4M
Amazon Seabound SunToWater Tec.. INDRA

$4.5M $2.4M -
Boston Consulting Bintix Toter

Group $448K -
Bintix
Intel
$448K
Total Funding
Top Funding Rounds in last 24 months (1/2)
Company $ Amount Round Date Investors
Redwood Materia.. (2017, United States, $792M) $700M Series C Jul 2021 Emerson Collective, CPP Investments, The Climate Ple.., +11 more
Climeworks (2009, Switzerland, $762M) $650M Series E Apr 2022 BigPoint Holding, Swiss Re, M&G, Global Founders Capit.., +5 more
Solugen (2016, United States, $387M) $357M Series C Sep 2021 Lowercarbon Capital, GIC, Fifty Years, Refactor Capital, +4 more
Crusoe Energy.. (2018, United States, $513M) $350M Series C Apr 2022 Mitsui & Co, Castle Island Ventures, Footprint Coali.., +18 more
Enerkem (2000, Canada, $859M) $255M Series H Apr 2022 Monarch Alternative Capital, Avenue Capital Group, +2 more
Plastic Energy.. (2017, United Kingdom, $168M) $168M Series A Nov 2021 M&G, Axens, LetterOne
SOURCE (2010, United States, $109M) $109M Series D Apr 2022 -
Bioenergy DevCo.. (2019, United States, $206M) $100M PE Nov 2021 Sagewind Capital, Newlight Partners, Irradiant Partners
Verdox (2019, United States, $80.0M) $80M Series C Feb 2022 Norsk Hydro, Lowercarbon Capital, Prelude Ventures, +1 more
ecoATM (2008, United States, $348M) $75M Series D Jun 2021 -
Svante (2007, Canada, $175M) $75M Series D Feb 2021 Chevron Technology Ventures, Carbon Direct, BDC, OGCI, +5 more
Battery Resourc.. (2016, United States, $91.4M) $70M Series B Oct 2021 Hitachi Ventures, Doral Energy Group, InMotion Ventu.., +2 more
Top Funding Rounds in last 24 months (2/2)
Company $ Amount Round Date Investors
Twelve (2010, United States, $57.0M) $57M Series A Jul 2021 Breakout Ventures, Evok Innovations, Microsoft Clima.., +4 more
AMP Robotics (2015, United States, $77.7M) $55M Series B Dec 2020 Congruent Ventures, GV, Closed Loop Partners, Sidewalk.., +3 more
ServiceCore (2003, United States, $62.0M) $54M Series B Feb 2022 Mainsail Partners
Heirloom (2020, United States, $53.0M) $53M Series A Mar 2022 Seven Seven Six, Grantham Foundation, Carbon Removal.., +6 more
Redwood Materia.. (2017, United States, $792M) $50M Series C Sep 2021 Ford
Redwood Materia.. (2017, United States, $792M) $40M Series B Jul 2020 Capricorn, Breakthrough Energy
Infinited Fiber.. (2016, Finland, $39.9M) $36M Series B Jun 2021 Zalando, Sateri, Adidas Group, Nidoco, H&M
CarbonCapture.. (2000, United States, $43.0M) $35M Series A Oct 2021 Idealab, Rio Tinto, Prime Movers Lab
RTS (2015, United States, $70.5M) $35M Series C Jun 2021 Citi Ventures, Greenspring Associates, Partnership f.., +3 more
ZwitterCo (2018, United States, $43.3M) $33M Series C May 2022 -
Re-Match (2013, Denmark, $49.2M) $32M Series A Sep 2021 -
Air Co. (2017, United States, $40.0M) $30M Series A Apr 2022 Parley, Avfuel, JetBlue Technology Ventures, Toyota Ve.., +1 more
View all 47 funding rounds on Tracxn Platform
Contents
Overview
Funding
Investors YoY Investor Trends
Acquisitions Most Active Investors: Accelerators & Incubators
IPOs Most Active Investors: VC - Seed
Companies Most Active Investors: VC - Early
Unicorns Most Active Investors: VC - Late
Business Models Most Active Investors: PE
News
Appendix
Y-o-Y Active Investors
Y-o-Y # of unique Institutional Investors in Circular Economy Top Institutional Investors in the last 2 years
Stage Investor name # Rounds in Last 2y1
Y Combinator 5 (▲400%)
Seed Stage TES-AMM 3 ( -- )
Social Alpha 3 ( -- )
Grantham
4 ( -- )
Foundation
Early Stage Speedinvest 3 ( -- )
Clean Energy
3 ( -- )
Ventures
BDC 4 (▲300%)
Late Stage Temasek 3 ( -- )
Export
Development 3 ( -- )
Canada
First-time Investors Existing Investors
Note: First-time investors and Existing Investors are calculated from the available Equity Funding Rounds on Tracxn Platform. 1.The numbers in bracket correspond to the change from previous period.
Most Active Investors: VC - Seed
# Overall # Investments in
# Investor Name Country Notable Investments in Feed*
investments Feed*
1 Almi Invest Sweden 628 9 Re:newcell ($11.0M), Bower ($5.7M), C Green ($2.8M)
Carbon Engineering ($103M), AMP Robotics ($77.7M),

2 Incite United States 71 6
Heirloom ($53.0M)
Spiers New Technologies ($2.8M), Pectcof ($2.3M), VitalFluid
3 Oost NL Netherlands 374 5
($2.3M)
4 Lifeline Ventures Finland 100 5 Solar Foods ($41.6M), Enevo ($38.7M), ZenRobotics ($17.1M)
AMP Robotics ($77.7M), Evrnu ($26.0M), GreenMantra

5 Closed Loop Partners United States 48 5
Technologies ($26.0M)
6 HTGF Germany 484 4 Resourcify ($10.2M), Saperatec ($5.6M), Traceless
7 Social Alpha India 68 4 Sistema ($27.6M), Phool ($11.6M), Desi Hangover ($180K)
8 Clean Energy Venture Group United States 37 4 Nth Cycle ($15.7M), Aqua Membranes ($7.3M), CUT ($6.2M)
9 Data Collective United States 324 3 Twelve ($57.0M), Aclarity ($4.3M), Opus 12 ($350K)
10 Business Finland Finland 139 3 Solar Foods ($41.6M), Enevo ($38.7M), Solar Water Solutions
Note: *Feed = Circular Economy. The number in bracket refers to the total funding raised by the company.
Most Active Investors: VC - Early Stage
investments Feed*
Crusoe Energy ($513M), Solugen ($387M), Carbon Engineering
1 Lowercarbon Capital United States 54 12
($103M)
Svante ($175M), Smarter Sorting ($55.4M), Ambercycle
2 Unreasonable United States 161 8
($27.0M)
3 For Good Ventures United States 175 6 ZwitterCo ($43.3M), Evrnu ($26.0M), Enexor ($10.1M)
4 Temasek Singapore 429 4 Solugen ($387M), Svante ($175M), Ambercycle ($27.0M)
5 Unilever Ventures United Kingdom 113 4 Chromatin ($122M), Recyclebank ($90.0M), Voltea ($22.9M)
6 Prelude Ventures United States 71 4 Verdox ($80.0M), AMP Robotics ($77.7M), Heirloom ($53.0M)
7 Clean Energy Ventures United States 35 4 Nth Cycle ($15.7M), Aqua Membranes ($7.3M), CUT ($6.2M)
Carbon Engineering ($103M), Twelve ($57.0M), Carbo Culture

8 Starlight Ventures United States 32 4
($6.9M)
9 New Enterprise Associates United States 1062 3 Attero Recycling ($35.0M), Glacier ($4.5M), NordSense ($2.1M)
10 Kleiner Perkins United States 733 3 Renmatix ($251M), Recyclebank ($90.0M), Hara ($45.0M)
Note: *Feed = Circular Economy. The number in bracket refers to the total funding raised by the company. Early Stage refers to Series A and Series B rounds
Most Active Investors: VC - Late Stage
investments Feed*
Chromatin ($122M), Recyclebank ($90.0M), WaterSmart
1 Physic Ventures United States 21 3
Environmental ($18.5M)
2 GIC Singapore 235 2 Climeworks ($762M), Solugen ($387M)
3 G2VP United States 43 2 Crusoe Energy ($513M), Smarter Sorting ($55.4M)
4 Focus Ventures United States 101 1 Hara ($45.0M)
5 Greenspring Associates United States 193 1 RTS ($70.5M)
Note: *Feed = Circular Economy. The number in bracket refers to the total funding raised by the company. Late Stage refers to Series C & beyond rounds.
Most Active Investors: PE
investments Feed*
Redwood Materials ($792M), Crusoe Energy ($513M), AMP
1 Valor Equity Partners United States 202 3
Robotics ($77.7M)
2 Taaleri Finland 93 2 Betolar ($8.3M), Tracegrow ($1.8M)
3 Turenne Capital France 355 2 EMYG ($1.6M), Pellenc ST ($425K)
4 Aloe Private Equity France 8 2 Recupyl ($18.8M), PerPETual Global
5 STORY3 United States 10 2 undefined ($100M), Recover
6 Icehouse Ventures New Zealand 113 2 Mint Innovation ($5.2M), Avertana ($3.4M)
7 SWEN Capital Partners France 24 2 Hubcycle ($5.6M), TRYON ($1.1M)
8 Avedon Capital Partners Netherlands 24 2 BWaste, WasteVision
9 Pelican Energy Partners United States 18 2 Water Vision, Water To Sea
10 Consensus Business Group United Kingdom 9 2 RepAir ($1.5M), Albo Climate ($120K)
Most Active Investors: Accelerators & Incubators
investments Feed*
1 Plug and Play Tech Center United States 2652 28 Heirloom ($53.0M), ECOR Global ($20.2M), Phenix ($18.3M)
2 ClimateLaunchpad Netherlands 703 27 WASE ($2.3M), EcoTree ($753K), GreenJams ($265K)
3 EIT Climate-KIC Germany 190 20 Climeworks ($762M), Arborea ($4.3M), WASE ($2.3M)
ZwitterCo ($43.3M), California Safe Soil ($21.8M), WaterSmart

4 Imagine H2O United States 109 18
Environmental ($18.5M)
Battery Resourcers ($91.4M), Infinite Cooling ($16.3M),
5 MassChallenge United States 2586 17
Cerahelix ($6.1M)
6 Greentown Labs United States 357 16 Verdox ($80.0M), ZwitterCo ($43.3M), Air Co. ($40.0M)
Meva Energy ($3.1M), C Green ($2.8M), Phoenix Biopower

7 EIT InnoEnergy Netherlands 268 15
($1.3M)
8 Techstars United States 3305 13 Twelve ($57.0M), Phoenix Tailings ($12.1M), Seabound ($4.5M)
9 Creative Destruction Lab Canada 712 13 Greyparrot ($16.5M), Nth Cycle ($15.7M), CUT ($6.2M)
Foresight Cleantech CarbonCure ($88.6M), Axine Water ($17.1M), Pyrowave

10 Canada 199 13
Accelerator Centre ($1.0M)
Contents
Overview
Funding
Investors
Acquisitions Acquisition Trends
IPOs List of Acquisitions
Companies Most Active Acquirers
Unicorns
Business Models
News
Appendix
Quick Snapshot - Acquisitions
Key Stats Y-o-Y Acquisition Trends All-time Top Acquisitions
$530M - - $10.8M $78.7M Company Acq. Price
72 6.9 Yrs Ramky Enviro
$530M
(1994, Hyderabad, $35.2M)
# Total Avg. yrs from first
Acquisitions funding to Acq. ecoATM
$350M
(2008, San Diego, $348M)
NanoH2O
$201M $200M
$46.8M (2005, Los Angeles, $89.9M)
Avg. Funding Avg. Acq. Price Biomet

$78.7M
raised before Acq. (2018, Lodi)
# of Acquisitions Avg. Acquisition Price
Puregas Solutions
$34.0M
(2011, Kalmar)
Top Investors by # Acq. Exits Acquisitions Distribution by Acq. Price
LINICO
Investor # Acq. Notable Acq. $10.8M
(2020, undefined, $2.0M)
WaterSmart
Unilever Ventures 2 PrimaLoft
Environmental, .. -
(1983, Latham)
WaterSmart
Westly Group 2
Environmental, .. PerPETual Global
-
WaterSmart (2007, Twyford)
Physic Ventures 2
Environmental, ..
Cryo Pur
-
ConocoPhillips 2 Cool Planet, Hara (2015, Paris, $6.6M)
Energy Technology Ag Energy

2 Cool Planet, Hara -
(2010, Spokane, $3.8M)
Ventu..
# of Acquisitions
Back to index
List of Acquisitions
Company Acquirer(s) Acq. Date Acq. Price
Biomet PATRIZIA Immobilien Jun 2022 $79M
(2018, Italy)
PrimaLoft Compass Diversified Jun 2022 NA

PerPETual Global Heraeus May 2022 NA

Cryo Pur Francaise de l'Energie Apr 2022 NA

(2015, France, $7M)
Ag Energy NuPhy Jan 2022 NA

Earthly Labs Chart Industries Dec 2021 NA

ISYS Interactive Systems The Access Group Oct 2021 NA

Spiers New Technologies Cox Automotive Sep 2021 NA

Itelyum Stirling Square Capital Partners Aug 2021 NA

(1963, Italy)
Element Energy ERM Group Jul 2021 NA

Back to index
List of Acquisitions
Company Acquirer(s) Acq. Date Acq. Price
SmartSensor Taoglas Jul 2021 NA
(2016, Australia)
Renewable Process Solutions Comstock Mining Jun 2021 NA

ORCA - Jun 2021 NA

(2003, Canada)
Enevo Reen Jun 2021 NA

(2010, Finland, $39M)
IEISL - Apr 2021 NA

(2007, India)
WISErg Plant Response Apr 2021 NA

ReCollect Routeware Mar 2021 NA

(2009, Canada)
Desotec Blackstone Mar 2021 NA

(2013, Belgium)
LINICO Comstock Mining Feb 2021 $11M

Lateral Innovations PG Solutions Dec 2020 NA

(2008, Canada)
View all 72 companies on Tracxn Platform
Most Active Acquirers
Average
# Acquirer Country # Acq. Companies Acquired
Acq. Price
1 Routeware United States 4 - ReCollect, Core Computing Solutions, Webaspx, EasyRoute
2 AMCS Ireland 3 - DesertMicro, TRUX, Recy Systems
3 Comstock Mining United States 2 $5.4M LINICO ($10.8M), Renewable Process Solutions
Stirling Square
4 Channel Islands 2 - Itelyum, Viscolube
Capital Partners
5 RTS United States 2 - Recyclebank, Ambrosia
True North
6 United States 2 - Nanostone, Solecta
Venture Partners
PATRIZIA
7 Germany 1 $78.7M Biomet ($78.7M)
Immobilien
8 Heraeus Germany 1 - PerPETual Global
Compass
9 United States 1 - PrimaLoft
Diversified
Note: Numbers in bracket indicate the Acquisition Price of the company.
Contents
Overview
Funding
Investors
Acquisitions
IPOs IPO Trends
Companies List of IPOs
Unicorns
Business Models
News
Appendix
Quick Snapshot - IPOs
Key Stats Y-o-Y IPO Trends All-time Top IPOs
- - - $670M - Company IPO MCap
23 2.3 Yrs NX Filtration

$670M
(2012, Enschede)
# Total IPOs Avg. yrs from first
funding to IPO Loop Industries
$417M
(2015, Terrebonne)
Fermentalg
$342M $148M
$24.5M (2005, Libourne, $30.3M)
Avg. Funding Avg. IPO Mcap ItN Nanovation

$135M
raised before IPO (2000, Saarbrucken)
# of IPOs Avg. IPO MCap
H2O Innovation
-
(2000, Quebec City)
Top Investors by # IPO Exits IPOs Distribution by IPO Mcap
Li-Cycle
Investor # IPOs Notable IPOs -
(2016, Mississauga)
Blackstone 1 De Nora Cambi

-
(1996, Asker)
BDC 1 H2O Innovation
Re:newcell
-
(2012, Stockholm, $11.0M)
Quest for Growth 1 TOMRA
Micron Waste Techn..
-
Latour 1 TOMRA (2016, Vancouver)
QuantaFuel
Galia Gestion 1 Fermentalg -
(2014, Lysaker, $21.9M)
# of IPOs
Back to index
List of IPOs
Company Investors IPO Date IPO Mcap
Li-Cycle Glencore, LG Chem, LG Ene.., +3 more Aug 2021 -
(2016, Canada)
NX Filtration Infestos Jun 2021 $670M

(2012, Netherlands)
Cambi May 2021 -

(1996, Norway)
Re:newcell H&M, Gripen, KappAhl, Almi .., +2 more Dec 2020 -

(2012, Sweden, $11M)
Micron Waste Technologies Aurora Cannabis, Bullrun Capital Apr 2020 -

(2016, Canada, $3M)
QuantaFuel BASF, MIIG, Aetos Invest, +1 more Feb 2020 -

(2014, Norway, $22M)
Taronis Tech Dec 2019 -

Envipco Jun 2018 -

Loop Industries skglobalchemical.com, +2 more Nov 2015 $417M

(2015, Canada)
Ener-Core Colt Ventures, SAIL Cap.., +1 more Oct 2015 -

Back to index
List of IPOs
Company Investors IPO Date IPO Mcap
Fermentalg NextStage AM, Galia Ges.., +12 more Apr 2014 $148M
(2005, France, $86M)
Gr8 Water The Brewer Group Nov 2008 -

Ambient Water Feb 2008 -

(2005, United States, $30K)
American Manganese Canada.ca Jan 2008 -

(1987, Canada)
Zylog Systems Jul 2007 -

CleanTech Biofuels Jun 2007 -

ItN Nanovation Creathor Venture, Coreo Jul 2006 $135M

(2000, Germany)
H2O Innovation BDC Mar 2006 -

(2000, Canada)
De Nora Snam, FCH JU, Blackstone Apr 2004 -

(1923, Italy)
CO2 Solutions Gouv Qc Mar 2004 -

(1997, Canada)
Contents
Overview
Funding
Investors
Acquisitions
IPOs Top Companies
Companies Early Stage Editor’s Pick
Unicorns Companies by Geography
Business Models Companies by Team Background - College wise
News Companies by Team Background - Company wise
Appendix Funded Deadpooled Companies
Top Companies
Company Tracxn Score Company Tracxn Score Company Tracxn Score
Phenix 65.5 ecoATM 61.2 Lohum 58.6
(2014, France, $18.3M) (2008, United St.., $348M) (2011, India, $11.0M)
Carbon Clean 65.4 Li-Cycle 60.2 Deep Branch 58.3

(2009, United Ki.., $214M) (2016, Canada) (2018, United Ki.., $15.5M)
AMP Robotics 64.6 Chromatin 59.8 Rubicon 57.6

(2015, United St.., $77.7M) (2000, United St.., $122M) (2008, United St.., $429M)
LanzaTech 64.2 Attero Recycling 59.7 Recykal 57.4

(2005, United St.., $369M) (2008, India, $35.0M) (2016, India, $25.1M)
AMCS 63.4 Solugen 59.7 ReCollect 57.3

(2004, Ireland, $143M) (2016, United St.., $387M) (2009, Canada)
Redwood Materials 63.3 Infinite Cooling 59.4 Sensoneo 57.2

(2017, United St.., $792M) (2017, United St.., $16.3M) (2014, Slovakia, $2.3M)
Crusoe Energy 63.3 RTS 59.4 Ramky Enviro 57.0

(2018, United St.., $513M) (2015, United St.., $70.5M) (1994, India, $35.2M)
Rubicon 63.3 Carbon Engineering 59.1 Enerkem 56.4

(1989, United St.., $1.0M) (2009, Canada, $103M) (2000, Canada, $859M)
Climeworks 62.8 Bower 59.1 Fermentalg 56.4

(2009, Switzerland, $762M) (2020, Sweden, $5.7M) (2005, France, $30.3M)
Phool 61.7 GPS Renewables 58.9 Greyparrot 56.3

(2017, India, $11.6M) (2012, India, $20.0M) (2018, United Ki.., $16.5M)
View all 1,826 companies on Tracxn Platform
Note: Tracxn Score is a proprietary score based on various market signals reflecting the company’s size, execution and growth.
Early Stage Editor’s Pick (1/2)
Bower 59.1 INDRA 44.0 Sustaera 38.3
(2020, Sweden, $5.7M) (2017, India) (2021, United St.., $10.0M)
FloWaste 50.9 PantaPå 42.5 Jumeni 37.8

(2020, United St.., $1.4M) (2018, Sweden, $1.0M) (2018, Ghana, $100K)
Recycleye 50.3 Full Circle Microbes 42.3 Lumitics 36.5

(2019, United Ki.., $6.4M) (2019, United St..) (2019, Singapore, $557K)
Blue Tap 48.1 Litta 41.6 SkipTheDepot 36.4

(2017, United Ki..) (2017, United Ki.., $2.7M) (2017, Canada)
Electro-Active Tec.. 48.1 Standard Biocarbon 40.2 Ways2H 36.3

(2017, United St.., $1.5M) (2020, United St.., $650K) (2019, United St..)
Radical Plastics 47.2 Kudoti 39.6 ECOSTP 36.2

(2018, United St.., $3.1M) (2018, South Afr..) (2017, India, $255K)
Oxyle 45.7 Majik Water 39.1 OSF 33.1

(2020, Switzerland) (2017, Kenya) (2017, United Ki.., $1.4M)
Nilus 45.1 KITRO 39.0 Cercle X 32.7

(2017, Argentina) (2017, Switzerland, $1.8M) (2020, India, $343K)
Ishitva Robotics S.. 44.7 SusPhos 38.6 Intuitive 31.9

(2018, India, $1.0M) (2019, Netherlands, $330K) (2017, Canada)
Capro-X 44.3 VEnvirotech 38.4 Air-O-Water 31.7

(2017, United St.., $250K) (2018, Spain, $2.2M) (2020, India)
Early Stage Editor’s Pick (2/2)
Smartbin 31.7 Gridthink 26.6 Max-AI 18.3
(2020, United St..) (2017, United St..) (2017, United St..)
Circunomics 31.2 Ecoplasteam 26.2 Urbyn 16.6

(2019, Germany, $2.1M) (2017, Italy) (2017, France)
Everest Labs 31.0 Sweep&Go 25.7 WPM Green Energy 16.6

(2018, United St..) (2018, United St..) (2019, Ireland)
Ossus Bio 30.6 Nature Coatings 24.5 koffiechase 16.4

(2018, India, $20.0K) (2017, United St..) (2020, Netherlands)
Nanvio 30.0 Nexsis 24.2 HAIRCYCLE 16.4

(2018, Sweden) (2018, Australia) (2020, Belgium)
TrashCon 29.4 Carbonova 23.8 Waste2Fuels 16.3

(2017, India, $586K) (2017, Canada) (2018, Spain)
WasteHero 28.8 Water Harvesting Inc 23.5 Crapbin 16.2

(2017, Denmark, $1.2M) (2018, United St.., $2.0M) (2018, India)
Polycycle 28.2 MDGS 21.1 Montinutra 15.6

(2019, India) (2017, China, $2.5M) (2018, Finland)
Ellipsis Earth 27.7 SmartTrash 19.3 Müllabfuhr Deutsch.. 15.3

(2019, United Ki..) (2018, United St..) (2017, Germany)
Climate Robotics 27.1 AltMat 18.4 Mountrash 14.7

(2020, Netherlands) (2019, India) (2019, Indonesia)
Companies by Geography
Distribution by Country - Companies founded Top Cities by Companies founded
Total Companies London 42

United States 488
Bangalore 31
India 193
Singapore 25
United Kingdom 143

San Francisco 23
Canada 100
New York City 19
Germany 77
Paris 18
France 63 Los Angeles 15
Netherlands 62 Calgary 15
Sweden 32 Stockholm 12
Amsterdam 11
Companies by Team Background - College wise
Massachusetts Solugen INENTEC Joule Unlimited

Institute of Tec.. $387M $230M $190M
Harvard University ECOR Global Lohum CarbonBuilt

$20.2M $11.0M $10.0M
Stanford University Redwood Materi.. Hara Lohum

$792M $45.0M $11.0M
University of 4New ECOR Global CycloPure

California (Berk.. $30.5M $20.2M $10.0M
Cornell University Terapore Techn.. Bintix Opus 12

$9.5M $448K $350K
Harvard Business Joule Unlimited Lohum CarbonBuilt

School $190M $11.0M $10.0M
Imperial College Carbon8 Ichthion Metalchemy

London $6.0M $1.5M $280K
University of Seenons BioCellection SPRK

Pennsylvania $6.9M $300K -
Companies by Team Background - Company wise
Google AMP Robotics Dalmia Polypro.. Graviky

$77.7M $5.1M $120K
McKinsey Winnow Wastelink Opus 12

$24.1M $1.5M $350K
Amazon Seabound SunToWater Tec.. INDRA

$4.5M $2.4M -
Microsoft WISErg SunToWater Tec.. GeniCan

$56.6M $2.4M -
Apple ZenRobotics SunToWater Tec..

$17.1M $2.4M
Boston Consulting Bintix Toter

Group $448K -
Facebook Hara FusionOne

$45.0M -
Polykar Verde Brands

Goldman Sachs
- -
Funded Deadpooled Companies
Company $ Funding Company $ Funding Company $ Funding
4New $30.5M Wastefox Technologies - Garbi -
(2017, United Kingdom) (2016, Estonia) (2010)
ThermoEnergy $9.9M N B BioMatrix - Willpower Energy -

(1988, United States) (2014, Canada) (2016, Germany)
AquaPure Technologies $2.9M Nanomaji - Takawaste -

(2002, Israel) (2015, Finland) (2020, Tanzania)
Taoqbao $1.9M InSymbio -

(2015, China) (2016, Italy)
Eole Water $1.5M Snapdata -

(2008, France) (2014, United States)
Extra Carbon $661K 3R Waste Management -

(2011, India) (2013, Netherlands)
RecycleMatch $640K Cycle Money -

(2009, United States) (2014, Chile)
Crystal Clear Technolo.. $110K Angstrom Byakuren -

(2005, United States) (2013, United States)
Encashea - iZdesign -
(2015, India) (2013, United Kingdom)
Mercado Circular - NanoStruck -

(2018, Chile) (2010, Canada)
Contents
Overview
Funding
Investors
Acquisitions
IPOs Unicorn Trends
Companies List of Unicorns
Unicorns Investors in Unicorns by Stage of Entry
Business Models Top Unicorn Investors by Stage of Entry
News Soonicorn Club - List of Soonicorns
Appendix Soonicorn Club - List of Minicorns
Unicorn Trends
Circular ..
7 7.4 $139M 5.6 6.1
# Total Unicorns Avg Years from Series A Avg $ Funding before Avg # Funding Rounds Avg Institutional Investors
to Unicorn Round Unicorn Round before Unicorn Round before Unicorn Round
Global
1129 4.4 $166M 4.4 7.7
# Total Unicorns Avg Years from Series A Avg $ Funding before Avg # Funding Rounds Avg Institutional Investors
to Unicorn Round Unicorn Round before Unicorn Round before Unicorn Round
Top Seed Stage Investors Top Early Stage Investors Top Late Stage Investors Top Countries
Rotunda Capital Partners Bain Capital Ventures Baillie Gifford United States (6)
Bain Capital Ventures BMW i Ventures GIC Switzerland (1)
Brown-Forman Founders Fund Goldman Sachs
Dragonfly Capital K1W1 Investments Lowercarbon Capital
Refactor Capital KCK Group Mitsui & Co

+ 1 more + 22 more + 63 more
Note: Investors refers to Institutional Investors only. Top Investors are calculated based on investments before the Unicorn Round.
List of Unicorns
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
Crusoe Energy Provider of AI and cloud-based flaring solutions
Apr 2022 2.4 $203M 4 13
(2018, Denver, $513M) for the oil and gas industry
Climeworks Designs and manufactures devices for extracting

Apr 2022 10.3 $112M 8 2
(2009, Zurich, $762M) carbon dioxide from ambient air
Prometheus Provider of gasoline intended to remove carbon

Sep 2021 - $13M 2 3
(2018, San Mateo, $13M) dioxide from the air
Solugen
Manufacturer of diversified green chemicals Sep 2021 - $30M 3 1
(2016, Houston, $387M)
Redwood Materials Provider of lithium ion batteries recycling

Jul 2021 - $42M 3 3
(2017, Carson City, $792M) solution
LanzaTech Provider of a bio-processing platform intended

May 2021 14.1 $355M 13 13
(2005, Skokie, $369M) to improve waste carbon treatment
Rubicon Developer of software to connect waste

Sep 2017 2.8 $218M 6 8
(2008, Atlanta, $429M) generators and waste removal firms
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
Back to List
Crusoe Energy
Provider of AI and cloud-based flaring solutions for the oil and gas indust...
2.5K
Twitter Followers
NA
Mobile Downloads
2018 United States $513M - 36 NA 36

Founded Country Funding Annual Revenue Employee Count App Rating News Mentions
Founding Team Top Competitors

Chase Lochmiller CULLY CAVNESS
Co-Founder & CEO President & CEO
ex-Polychain Capital, GETCO.Stanford EX-Highlands Natural Resources,Petrie Digital Stream...
Masters Degree Partners. Oxford University MBA (2019, Boston) ()
View all 2 Competitors
Funding Rounds Key News

Jun 2022 Undis.. Series C Oman Investment Autho.. +1 more • Jun 2022 - Crusoe Energy Systems Begins International Expansion into
Middle East with Investment from Oman Investment Authority ..Business Wire
Apr 2022 $350M Series C G2VP, Valor Equity Part.. +19 more
• Apr 2022 - Holly Gordon Joins Crusoe Energy Systems as VP of Public
Apr 2022 $155M Conven.. SVB, Sparkfund, Generate Capital Engagement & ESG, Hui Wen Chan Joins as Head of Sustainabili..Business Wire
Apr 2021 $128M Series B Valor Equity Partners +11 more • Apr 2022 - Flared-Gas Bitcoin Miner Crusoe Energy Raises $350M Series C
CoinDesk
Dec 2019 $30M Series A Bain Capital Ventures +4 more
• Nov 2021 - Clean Computing Company Crusoe Energy Selected as Launch
Dec 2019 $40M Conven.. Upper90 Partner for Carbon Credit Initiative Bitmain ANTMINER S19 XP Business Wire
View all 7 Funding Rounds View all Key News
Back to List
Climeworks
Designs and manufactures devices for extracting carbon dioxide from ambient...
13.8K
Twitter Followers
NA
Mobile Downloads
2009 Switzerland $762M - NA NA 71


Jan Wurzbacher Christoph Gebald
Co-Founder & CEO Co-Founder & Director
Dcotor of Sciences in Mechanical and - Carbon Enginee... Fermentalg Heirloom
Process Engineering from ETH Zuri.. (2009, Squamish, $103M) (2005, Libourne, $30M) (2020, San Francisco, $53M)
Earthly Labs Verdox Global Thermos...

(2016, Austin, $5M) (2019, Woburn, $80M) (2010, Brighton)

Apr 2022 $650M Series E Partners Group, GIC +6 more • Apr 2022 - Climeworks raises CHF600m in equity Private Equity Wire
Jan 2021 Undis.. Series D Microsoft • Dec 2021 - BCG in partnership with Climeworks to reach net zero by 2030
Supply Chain Digital
Apr 2020 $75M Series D
• Jun 2021 - Climeworks’ carbon capture plant, Orca, granted DNV validation
Aug 2018 $31M Series C Zurcher Kantonalbank gasworld
Apr 2014 $3M Series B • Jun 2020 - Swiss Climate startup Climeworks fetches $76m Venture Capital Journal
Dec 2011 $2M Series A
Back to List
Prometheus
Provider of gasoline intended to remove carbon dioxide from the air
NA
Twitter Followers
NA
Mobile Downloads
2018 United States $12.5M - NA NA 11


Rob McGinnis
Founder & CEO
Founder Mattershift, ex-Founder Oasys Electrochaea ReCarbon Skytree
Water. Yale University BA & PhD (2010, Planegg, $17M) (2011, Santa Clara, $32M) (2014, Amsterdam, $449K)
Soletair Power Phycobloom Skymining

(2016, Lappeenranta, $2M) (2019, London) (2017, Stockholm)

Sep 2021 Undis.. Series B Maersk, Josh Simpson G.. +1 more • Sep 2021 - Maersk invest in electrofuels start-up company Transport Intell
Jun 2020 $13M Series B BMW i Ventures • Sep 2021 - Maersk throws its weight behind unicorn electrofuels company
FreightWaves
• Jun 2021 - JetPack Aviation VTOL Goes Green UASVISION

• Sep 2020 - Prometheus Fuels licenses ORNL ethanol-to-jet-fuel process
Biomass Magazine
Back to List
Solugen
Manufacturer of diversified green chemicals
2.4K
Twitter Followers
NA
Mobile Downloads


Gaurab Chakrabarti Sean Hunt
Co-Founder & CEO Co-Founder & CTO
World Economic Forum, ex-UT Ex- MIT, University of Delware, Merck. Danimer Scient... Zume Novomer
Southwestern Medical Center. Brown University of Delaware BE 2011,.. (2004, Bainbridge, $27M) (2015, Camarillo, $23M) (2004, Rochester, $46M)
Univers..
Cruz Foam Lactips Green Dot Biop...

(2017, Santa Cruz, $7M) (2014, Saint-jean-bonnefonds, (2011, Emporia, $13M)
$20M)

Sep 2021 $357M Series C Baillie Gifford, GIC +6 more • Sep 2021 - Solugen Raises Over $350M in Series C Funding FinSMEs
Jul 2020 $30M Series B
Jun 2017 Undis.. Seed Refactor Capital
Jun 2016 $10K Grant .. MIT $100K
View all Key News
Back to List
Redwood Materials
Provider of lithium ion batteries recycling solution
10.7K
Twitter Followers
NA
Mobile Downloads
2017 United States $792M - NA NA 62


JB Straubel
Founder & CEO
Founder & CEO Redwood Materials, Li-Cycle Lohum Lithion Recycl...
Straubel Foundation, ex- Co-Founder V.. (2016, Mississauga) (2011, Noida, $11M) (2018, Montreal, $15M)
American Manga... Battery Resour... Recupyl

(1987, Surrey) (2016, North Grafton, $91M) (1993, Domene, $19M)

Sep 2021 $50M Series C Ford • Jun 2022 - Toyota joins Redwood Materials' EV battery recycling initiative
userwalls.news
Jul 2021 $700M Series C T. Rowe Price +11 more
• Feb 2022 - Ford, Volvo Join Redwood In EV Battery Recycling Push In
Sep 2020 Undis.. Series B Amazon California Carandbike
Jul 2020 $40M Series B Breakthrough Energy, Capricorn • Feb 2022 - Ford Stock Surges Upon Possible EV Division Spin-Off Financial Buzz
Apr 2017 $2M Seed • Dec 2021 - Tesla Director of Quality leaves for JB Straubel’s Redwood
Materials Electrek
View all Key News
Back to List
LanzaTech
Provider of a bio-processing platform intended to improve waste carbon trea...
5.5K
Twitter Followers
NA
Mobile Downloads


Sean Simpson
Co-Founder & CSO
University of Nottingham 1995, Teesside Carbon Clean Chromatin Carbon Enginee...
University BS 1994, University.. (2009, London, $214M) (2000, Chicago, $122M) (2009, Squamish, $103M)
Enerkem Joule Unlimited Twelve

(2000, Montreal, $859M) (2007, Bedford, $190M) (2010, Berkeley, $57M)

Dec 2021 $30M Series E ArcelorMittal • May 2022 - LanzaTech, with the support of Danone, Discovers Method to
Produce Sustainable PET Bottles from Captured Carbon GlobeNewswire
May 2021 $4M Grant .. DOE +2 more
• May 2022 - Bridgestone’s tires are going circular Tech Investor News
Apr 2021 Undis.. Series E +1 more
• Apr 2022 - Bridgestone, LanzaTech partner on tire recycling technologies
Jun 2020 $50M Series E Biomass Magazine
Aug 2019 $72M Series E Novo Holdings • Mar 2022 - LanzaTech, SHV Energy partner on renewable propane Biomass
Magazine
Jul 2018 $543K Grant .. Gov.uk
Back to List
Rubicon
Developer of software to connect waste generators and waste removal firms
1.4K
Twitter Followers
NA
Mobile Downloads


Henry M Dudgeon Nate Morris
Co-Founder & Director Co-Founder & CEO
Endeavor Louisville, ex-Transwestern. Founder Morris Industries. The George Rubicon Recykal Enevo
University of Virginia BA Washington University BA 2003, P.. (1989, Portland, $1M) (2016, Hyderabad, $25M) (2010, Espoo, $39M)
Lane Moore Marc Spiegel

Co-Founder Co-Founder
Founder QuarterMoore, PODS, Endeavor Founder Buckhead Ventures, ex- Waste Bigbelly Solar Compology Clean Robotics
Atlanta. Hampden-Sydney College B.. Management, Republic Services. Un.. (2003, Newton, $4M) (2012, San Francisco, $33M) (2015, Pittsburgh)

Jul 2019 $161M Series E NZ Super Fund • Jul 2020 - Knotel Faces Lawsuit Due To Unpaid Rent Allwork.Space
Sep 2017 $50M Series E PROMECAP, Claritas Cap.. +6 more • Mar 2020 - Rubicon Certified as a Great Place to Work® for Third
Consecutive Year GlobeNewswire
Aug 2017 $74M Series C SUEZ
• Feb 2020 - Rubicon and DAVACO Help Starbucks Recycle Metal Fixtures QSR
Jan 2017 $50M Series C SUEZ Magazine
Dec 2015 $57M Series B Nima Capital, Goldman S.. +2 more • Dec 2019 - Helvetia Environnement Signs Technology Subscription
Agreement With Rubicon to Help Lead Innovation in the Swiss
Dec 2014 $30M Series A Fifth Third Bancorp Wast..GlobeNewswire
View all 8 Funding Rounds
Investors in Unicorns by Stage of Entry
Company Seed Stage Early Stage Late Stage
Crusoe Energy Bain Capital Ventures, Winklevoss Capital, Valor Equity Partners, Lowercarbon Capital,
(2018, Denver, $513M) Dragonfly Capi.., +3 more DRW Venture C.., +8 more
Climeworks
Verve Ventures Microsoft, Zurcher Kantonalbank
(2009, Zurich, $762M)
Prometheus Y Combinator, Preston-Werner Ventures, Social

Maersk, Josh Simpson Glass, BMW i Ventures
(2018, San Mateo, $13M) Impact Capital
Solugen
Refactor Capital, Hack VC, Trousdale Ventures Harpoon
(2016, Houston, $387M)
Redwood Materials
Amazon, Breakthrough Energy, Capricorn
(2017, Carson City, $792M)
LanzaTech Khosla Ventures, K1W1 Investments, Qiming Sinopec Shanghai Petrochemical Company
unreasonableimpact.com, Outset Ventures
(2005, Skokie, $369M) Venture Partners, +4 more Limited, Novo Ho.., +8 more
Rubicon Rotunda Capital Partners, Brown-Forman, Nima Capital, Goldman Sachs, Wellington
SUEZ
(2008, Atlanta, $429M) Capital Lab Management, Tudor, +2 more
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
Top Unicorn Investors by Stage of Entry
# Unicorn
Investor Seed Stage Early Stage Late Stage Others*
Portfolio
Solugen, Redwood Materials,
Baillie Gifford 3 - - -
Climeworks
Mitsui & Co 2 - - Crusoe Energy, LanzaTech -
GIC 2 - - Solugen, Climeworks -
Goldman Sachs 2 - Rubicon Redwood Materials -
Valor Equity
2 - Crusoe Energy Redwood Materials -
Partners
Lowercarbon
2 - Crusoe Energy Solugen -
Capital
NZ Super Fund 2 - - Rubicon, LanzaTech -
CPP Investments 1 - - Redwood Materials -
SVB 1 - - - Crusoe Energy
Note: “Investors” includes only Institutional Investors who have invested before the Unicorn Round. Others*: Includes investors who have invested in Non Equity rounds or Undisclosed Rounds
Soonicorn Club - List of Soonicorns
Carbon Clean 65.4 Solar Foods 54.0 Bioenergy DevCo 43.9
(2009, United Ki.., $214M) (2017, Finland, $41.6M) (2019, United St.., $206M)
AMP Robotics 64.6 Svante 53.0 Ixiandou 34.8

(2015, United St.., $77.7M) (2007, Canada, $175M) (2015, China, $33.3M)
AMCS 63.4 Ostara 51.9

(2004, Ireland, $143M) (2005, Canada, $99.3M)
RTS 59.4 Verdox 51.1

(2015, United St.., $70.5M) (2019, United St.., $80.0M)
Carbon Engineering 59.1 INENTEC 50.8

(2009, Canada, $103M) (1995, United St.., $230M)
Enerkem 56.4 Compology 50.7

(2000, Canada, $859M) (2012, United St.., $33.0M)
CarbonCure 56.1 Plastic Energy 50.4

(2007, Canada, $88.6M) (2017, United Ki.., $168M)
Joule Unlimited 56.0 Renmatix 50.2

(2007, United St.., $190M) (2007, United St.., $251M)
Twelve 54.8 Battery Resourcers 47.1

(2010, United St.., $57.0M) (2016, United St.., $91.4M)
Infinited Fiber 54.2 ServiceCore 46.2

(2016, Finland, $39.9M) (2003, United St.., $62.0M)
Note: A Soonicorn is a company which is likely to achieve US $1 billion valuation in the short to medium term. Tracxn Score is a proprietary score based on various market signals reflecting the company’s size, execution and growth.
Soonicorn Club - List of Minicorns (1/2)
Phenix 65.5 ZenRobotics 54.5 Cambrian Innovation 52.8
(2014, France, $18.3M) (2007, Finland, $17.1M) (2006, United St.., $36.9M)
Phool 61.7 Lithion Recycling 54.4 Resourcify 52.7

(2017, India, $11.6M) (2018, Canada, $15.0M) (2015, Germany, $10.2M)
Attero Recycling 59.7 Carbicrete 54.3 Enexor 51.6

(2008, India, $35.0M) (2016, Canada, $22.0M) (2015, United St.., $10.1M)
Infinite Cooling 59.4 CarbonBuilt 54.3 FORGE Hydrocarbons 51.5

(2017, United St.., $16.3M) (2020, United St.., $10.0M) (2012, Canada, $26.6M)
Lohum 58.6 Cruz Foam 54.1 GreenMantra Techno.. 51.3

(2011, India, $11.0M) (2017, United St.., $7.3M) (2010, Canada, $26.0M)
Deep Branch 58.3 Let's Recycle 53.7 Evrnu 51.3

(2018, United Ki.., $15.5M) (2012, India, $38.6M) (2014, United St.., $26.0M)
Recykal 57.4 Carbo Culture 53.6 Recycling Technolo.. 51.0

(2016, India, $25.1M) (2016, United St.., $6.9M) (2011, United Ki.., $22.9M)
Greyparrot 56.3 Smarter Sorting 53.4 ReCarbon 50.9

(2018, United Ki.., $16.5M) (2015, United St.., $55.4M) (2011, United St.., $32.0M)
Winnow 55.1 Voltea 53.4 Tiptapp 50.7

(2013, United Ki.., $24.1M) (2006, Netherlands, $22.9M) (2016, Sweden, $3.4M)
Electrochaea 55.0 Sistema 53.2 Ambercycle 50.6

(2010, Germany, $17.1M) (2009, Kenya, $27.6M) (2013, United St.., $27.0M)
Note: A Minicorn is a company which is likely to achieve US $1 billion valuation in the medium to long term. Tracxn Score is a proprietary score based on various market signals reflecting the company’s size, execution and growth.
Soonicorn Club - List of Minicorns (2/2)
Enway 50.5 MI Systems 47.2 Clean Robotics 43.5
(2017, Germany, $6.6M) (2014, United St.., $13.6M) (2015, United St..)
C-Capture 50.4 NovoNutrients 46.4 Industrial Organic 42.4

(2009, United Ki.., $15.8M) (2018, United St.., $9.3M) (2014, United St.., $5.7M)
Black Bear Carbon 50.1 Living Carbon 46.3 Tapp Water 42.2
(2010, Netherlands, $18.5M) (2019, United St.., $15.0M) (2016, United Ki.., $4.7M)
Comet Bio 49.6 Ioniqa 46.2 Saperatec 42.2

(2018, Canada, $22.0M) (2009, Netherlands, $15.3M) (2010, Germany, $5.6M)
Bio-bean 49.4 Cerahelix 46.0 Xylowatt 42.1

(2013, United Ki.., $7.3M) (2011, United St.., $6.1M) (2001, Belgium, $14.0M)
ViaBot 49.3 Axine Water 45.8 Membrion 41.9

(2015, United St.., $6.1M) (2010, Canada, $17.1M) (2016, United St.., $12.7M)
ZwitterCo 48.4 Andion Global 45.5 Perennial 41.5

(2018, United St.., $43.3M) (2019, Canada, $20.0M) (2018, United St.., $18.0M)
CarbonCapture 48.1 BIO-LUTIONS 45.5 LIXO 41.2

(2000, United St.., $43.0M) (2017, Germany, $9.3M) (2019, France, $4.0M)
Carbitex 47.6 Selfrag 44.4 Green Li-ion 39.6

(2012, United St.., $17.6M) (2007, Switzerland, $27.0M) (2020, Singapore, $20.6M)
BioCellection 47.4 California Safe Soil 44.4 The Shellworks 39.6

(2015, United St.., $300K) (2012, United St.., $21.8M) (2018, Canada, $6.2M)
Note: A Minicorn is a company which is likely to achieve US $1 billion valuation in the medium to long term. Tracxn Score is a proprietary score based on various market signals reflecting the company’s size, execution and growth.
Contents
Overview
Funding
Investors
Acquisitions
IPOs
Companies
Unicorns
Business Models Marketmap
News Top Funded Business Models
Appendix Taxonomy
Marketmap: HR Tech Sep 2020
Marketmap - Circular Economy
AIR POLLUTION MANAGEMENT TECH SOLID WASTE MANAGEMENT TECH Factsheet
CARBON CAPTURE COLLECTION Overview
Companies 1826
Funded 845 Series A+ 164
Funding $10.1B Last 2 yrs $4.8B
Most Active Investors

RECYCLING VC - Seed Almi Invest (9)
VC - Early Lowercarbon Ca.. (12)
WATER AND WASTE WATER MANAGEMENT VC - Late Physic Venture.. (3)
WATER TREATMENT
TECH
$ PE
Incubators Plug and Play .. (28)
ORGANIC WASTE CONVERSION Exits
IPOs 23 H2O Innovation,..
Acquisitions 72 Biomet, PrimaLo..
Top Acquirers routeware.com, ..
WATER-FROM-AIR
WASTE-TO-ENERGY Feed in Numbers
Unicorns 7 Soonicorns 22
Minicorns 78 Editor Picks 387
Acquihired - Deadpooled 115
Top Companies
Phenix (2014, France, $18.3M)
Carbon Clean (2009, United Ki.., $214M)
AMP Robotics (2015, United St.., $77.7M)
Top Cities
Montreal 9 Cos $876M
Carson City 1 Cos $792M
*Upcoming Business Model

Top Funded Business Models - last 1 year (1/2)
Rank Business Model $ Funding # Rounds Top Funding Round Details
Redwood Materi.. (2017, United States)
1 ▲1 Lithium Battery Recyclers $839M 6
$700M - Series C
Link
Climeworks (2009, Switzerland)

2 -- Carbon Sequestration through Adsorption $776M 10
$650M - Series E
Link
Crusoe Energy (2018, United States)

3 ▼2 Waste Gas to Computing Energy $350M 2
$350M - Series C
Link
Enerkem (2000, Canada)

4 ▲27 Waste To Fuel $301M 6
$255M - Series H
Link
Enerkem (2000, Canada)

5 -- Bio Ethanol From Waste $255M 1
$255M - Series H
Link
Plastic Energy (2017, United Kingdom)

6 ▲33 Plastic Waste Recyclers $168M 2
$168M - Series A
Link
recoverfiber.com (2020, United States)

7 -- Fibre Waste Recyclers $136M 2
$100M - Series D
Link
Bioenergy DevCo (2019, United States)

8 ▲8 Waste to Electricity $130M 3
$100M - PE
Link
Bioenergy DevCo (2019, United States)

9 -- Syngas From Waste $116M 2
$100M - PE
Link
ServiceCore (2003, United States)

10 ▲28 Software for Solid Waste Management $57.2M 4
$54.0M - Series B
Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Top Funded Business Models - last 1 year (2/2)
Rank Business Model $ Funding # Rounds Top Funding Round Details
Ambercycle (2013, United States)
11 ▲16 Bio Based Textile Materials $36.6M 4
$21.6M - Series A
Link

12 ▲22 Textile Waste Recycling Technologies $36.6M 2
$21.6M - Series A
Link
ZwitterCo (2018, United States)

13 ▲2 Industrial Wastewater Treatment Nano Membranes $33.4M 1
$33.4M - Series C
Link
Re-Match (2013, Denmark)

14 ▲11 Synthetic Turf Recycling $31.7M 2
$31.6M - Series A
Link
Smarter Sorting (2015, United States)

15 ▼12 Robotic Solid Waste Sorting $29.5M 3
$25.0M - Series B
Link
Smarter Sorting (2015, United States)

16 ▲8 Chemicals Waste Classification Software $25.0M 1
$25.0M - Series B
Link
Recykal (2016, India)

17 -- Solid Waste Collection Marketplace $22.0M 1
$22.0M - Series A
Link
Greyparrot (2018, United Kingdom)

18 ▲17 Computer Vision Based Sorting $19.8M 4
$11.0M - Series A
Link
Green Li-ion (2020, Singapore)

19 ▼7 Lithium Battery Recycling Technologies $18.7M 3
$11.6M - Series A
Link
CarbonBuilt (2020, United States)

20 ▼7 Carbon To Building Materials $16.0M 7
$10.0M - Series A
Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Back to index
$839M (▲1224%)
01 Lithium Battery Recyclers $ Invested in last 1 year
Redwood Materials Lithion Recycling American Manganese 6 (▲20%)

(2017, United States, $792M) (2018, Canada, $15.0M) (1987, Canada) # Funding Rounds in last 1 year
Key Stats Recent Funding Rounds Taxonomy
Redwood Mater.. (2017, United States) Solid Waste Management Tech (Phenix)
14 11 $700M - Series C - Jul 2021 (# Cos: 1403 | $7.2B)
Companies Funded Companies Battery Resou.. (2016, United States) Recycling (AMP Robotics)
$70.0M - Series B - Oct 2021 (# Cos: 409 | $2.6B)
Redwood Mater.. (2017, United States)
Tech Enabled Recyclers (Re:newcell)
$923M 3 $50.0M - Series C - Sep 2021
(# Cos: 97 | $1.4B)
Total $ Invested Soonicorn Club Lithion Recycling (2018, Canada)
$15.0M - Series B - Apr 2022 Lithium (Redwood Materials)
(# Cos: 14 | $923M)
Posh Robotics (2021, United States)
$3.8M - Seed - Jun 2022
1 2 Lithion Recycling (2018, Canada)
IPOs Acquisitions
Undisclosed - Series A - Jan 2022
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Back to index
Carbon Sequestration through $776M ( -- )

02 Adsorption $ Invested in last 1 year
Climeworks Heirloom Svante 10 ( -- )

(2009, Switzerland, $762M) (2020, United States, $53.0M) (2007, Canada, $175M) # Funding Rounds in last 1 year
Climeworks (2009, Switzerland) Air Pollution Management Tech (iRobot)

22 21 $650M - Series E - Apr 2022 (# Cos: 1422 | $5.9B)
Companies Funded Companies Heirloom (2020, United States) Carbon Management (LanzaTech)
$53.0M - Series A - Mar 2022 (# Cos: 590 | $3.8B)
CarbonCapture (2000, United States) Carbon Capture (Carbon Clean)

$1.1B 5 $35.0M - Series A - Oct 2021 (# Cos: 150 | $2.6B)
Total $ Invested Soonicorn Club Perennial (2018, United States) Carbon Sequestration (Fermentalg)
$18.0M - Series A - May 2022 (# Cos: 37 | $1.1B)
Sustaera (2021, United States) Adsorption (Climeworks)
$10.0M - Series A - Dec 2021 (# Cos: 22 | $1.1B)
- - 44.01 (2020, Oman)
IPOs Acquisitions
$5.0M - Seed - Aug 2021
Seabound (2021, United Kingdom)
$4.4M - Seed - May 2022
View all 10 Funding Rounds on Tracxn Platform
Back to index
$350M (▲173%)
03 Waste Gas to Computing Energy $ Invested in last 1 year
Crusoe Energy Digital Stream Energy 2 (▲100%)

(2018, United States, $513M) (2019, United States) # Funding Rounds in last 1 year
Crusoe Energy (2018, United States) Oil & Gas Tech (Select Energy Services)
2 1 $350M - Series C - Apr 2022 (# Cos: 1842 | $6.7B)
Companies Funded Companies Crusoe Energy (2018, United States) Upstream (Nabors)
Undisclosed - Series C - Jun 2022 (# Cos: 898 | $3.4B)
Oilfield Management (Urbint)

$513M 1 (# Cos: 230 | $1.2B)
Total $ Invested Soonicorn Club Waste Gas to Energy (Digital Stream

Energy)
(# Cos: 2 | $513M)
Computing (Crusoe Energy)
- - (# Cos: 2 | $513M)
IPOs Acquisitions
Back to index
$301M (▲ >10K%)
04 Waste To Fuel $ Invested in last 1 year
LanzaTech Chromatin Enerkem 6 (▼40%)

(2005, United States, $369M) (2000, United States, $122M) (2000, Canada, $859M) # Funding Rounds in last 1 year
Enerkem (2000, Canada) Solid Waste Management Tech (Phenix)

109 58 $255M - Series H - Apr 2022 (# Cos: 1403 | $7.2B)
Companies Funded Companies LanzaTech (2005, United States) Waste-To-Energy (Crusoe Energy)
$30.0M - Series E - Dec 2021 (# Cos: 164 | $3.0B)
Sistema (2009, Kenya)
Fuel (LanzaTech)
$2.2B 11 $15.6M - Series B - Jan 2022
(# Cos: 109 | $2.2B)
Total $ Invested Soonicorn Club Bio-bean (2013, United Kingdom)
$485K - Series A - Sep 2021
Kvasir Technologies (2018, Denmark)
$31.2K - Seed - Oct 2021
2 4 WasteFuel (2019, United States)
IPOs Acquisitions
Undisclosed - Seed - Sep 2021
Back to index
$255M ( -- )
05 Bio Ethanol From Waste $ Invested in last 1 year
Enerkem Joule Unlimited Woodland Biofuels 1 ( -- )

(2000, Canada, $859M) (2007, United States, $190M) (2000, Canada, $13.2M) # Funding Rounds in last 1 year
Enerkem (2000, Canada) Renewable Energy Tech (SolarEdge)

9 5 $255M - Series H - Apr 2022 (# Cos: 2709 | $18.5B)
Companies Funded Companies

Bioenergy (Chromatin)
(# Cos: 155 | $3.2B)
Ethanol (Joule Unlimited)

$1.3B 2 (# Cos: 14 | $1.5B)
Total $ Invested Soonicorn Club
From Waste (Enerkem)
(# Cos: 9 | $1.3B)
- -
IPOs Acquisitions
Back to index
$168M (▲ >10K%)
06 Plastic Waste Recyclers $ Invested in last 1 year
Banyan Nation Plastic Energy Loop Industries 2 (▼50%)

(2013, India, $10.0M) (2017, United Kingdom, $168M) (2015, Canada) # Funding Rounds in last 1 year
Plastic Energy (2017, United Kingdom) Solid Waste Management Tech (Phenix)
38 16 $168M - Series A - Nov 2021 (# Cos: 1403 | $7.2B)
Companies Funded Companies CARBOLIQ (2017, Germany) Recycling (AMP Robotics)

Undisclosed - Seed - Mar 2022 (# Cos: 409 | $2.6B)
Tech Enabled Recyclers (Redwood

$201M 1 Materials)
Total $ Invested Soonicorn Club (# Cos: 97 | $1.4B)
Plastic (Banyan Nation)
(# Cos: 38 | $201M)
2 2
IPOs Acquisitions
Back to index
$136M ( -- )
07 Fibre Waste Recyclers $ Invested in last 1 year
Re:newcell Infinited Fiber recoverfiber.com 2 ( -- )

(2012, Sweden, $11.0M) (2016, Finland, $39.9M) (2020, United States, $100M) # Funding Rounds in last 1 year
recoverfiber... (2020, United States) Solid Waste Management Tech (Phenix)

11 10 $100M - Series D - Jun 2022 (# Cos: 1403 | $7.2B)
Companies Funded Companies Infinited Fiber (2016, Finland) Recycling (AMP Robotics)
$35.7M - Series B - Jun 2021 (# Cos: 409 | $2.6B)

$176M 2 Materials)
Fibre (Re:newcell)
(# Cos: 11 | $176M)
1 -
IPOs Acquisitions
Back to index
$130M (▲1501%)
08 Waste to Electricity $ Invested in last 1 year
Enexor Andion Global Bioenergy DevCo 3 (▼40%)

(2015, United States, $10.1M) (2019, Canada, $20.0M) (2019, United States, $206M) # Funding Rounds in last 1 year
Bioenergy DevCo (2019, United States) Solid Waste Management Tech (Phenix)
32 15 $100M - PE - Nov 2021 (# Cos: 1403 | $7.2B)
Companies Funded Companies Andion Global (2019, Canada) Waste-To-Energy (LanzaTech)

$20.0M - Series B - Feb 2022 (# Cos: 164 | $3.0B)
Enexor (2015, United States)
Electricity (Crusoe Energy)
$285M 5 $10.0M - Series A - Aug 2021
(# Cos: 46 | $835M)
Solid Waste (Enexor)
(# Cos: 32 | $285M)
- 1
IPOs Acquisitions
Back to index
$116M ( -- )
09 Syngas From Waste $ Invested in last 1 year
Sistema Cryo Pur Bioenergy DevCo 2 ( -- )

(2009, Kenya, $27.6M) (2015, France, $6.6M) (2019, United States, $206M) # Funding Rounds in last 1 year
Bioenergy DevCo (2019, United States) Renewable Energy Tech (SolarEdge)

26 14 $100M - PE - Nov 2021 (# Cos: 2709 | $18.5B)
Companies Funded Companies Sistema (2009, Kenya) Bioenergy (Chromatin)

$15.6M - Series B - Jan 2022 (# Cos: 155 | $3.2B)
Syngas (Carbon Engineering)

$289M 4 (# Cos: 36 | $413M)
From Waste (Sistema)
(# Cos: 26 | $289M)
- 3
IPOs Acquisitions
Back to index
$57.2M (▲4725%)
10 Software for Solid Waste Management $ Invested in last 1 year
AMCS ReCollect Evreka 4 (▲300%)

(2004, Ireland, $143M) (2009, Canada) (2014, Turkey, $3.2M) # Funding Rounds in last 1 year
ServiceCore (2003, United States) Solid Waste Management Tech (Phenix)

141 36 $54.0M - Series B - Feb 2022 (# Cos: 1403 | $7.2B)
Companies Funded Companies Evreka (2014, Turkey) Collection (Rubicon)

$2.2M - Seed - Jan 2022 (# Cos: 687 | $1.4B)
EcoTree (2017, Romania) Software Solutions (Resourcify)

$217M 2 $502K - Seed - Nov 2021 (# Cos: 218 | $235M)
Total $ Invested Soonicorn Club Waste Labs (2020, Singapore) Waste Collectors IT (ReCollect)
$500K - Seed - Oct 2021 (# Cos: 160 | $234M)
Suite (AMCS)
(# Cos: 141 | $217M)
1 12
IPOs Acquisitions
Back to index
$36.6M (▲1188%)
11 Bio Based Textile Materials $ Invested in last 1 year
Bolt Threads MycoWorks Modern Meadow 4 (▼20%)

(2009, United States, $214M) (2013, United States, $188M) (2011, United States, $184M) # Funding Rounds in last 1 year
Spiber (2007, Japan) Fashion Tech (ThredUP)

131 65 $313M - Series E - Sep 2021 (# Cos: 26772 | $36.1B)
Companies Funded Companies MycoWorks (2013, United States) Innovative Materials (MycoWorks)
$126M - Series C - Jan 2022 (# Cos: 226 | $1.6B)
Natural Fiber.. (2015, United States)
Sustainable Fabrics (Bolt Threads)
$1.5B 15 $85.0M - Series B - Mar 2022
(# Cos: 131 | $1.5B)
Total $ Invested Soonicorn Club VitroLabs (2016, United Kingdom)
$47.4M - Series A - May 2022
$21.6M - Series A - Jan 2022
5 5 Evrnu (2014, United States)
IPOs Acquisitions
$15.0M - Series B - Oct 2021
Natural Fiber.. (2015, United States)
$15.0M - Series B - Jul 2021
View all 17 Funding Rounds on Tracxn Platform
Back to index
$36.6M (▲2193%)
12 Textile Waste Recycling Technologies $ Invested in last 1 year
Evrnu Ambercycle Worn Again 2 ( <> 0% )

(2014, United States, $26.0M) (2013, United States, $27.0M) (2005, United Kingdom, $15.7M) # Funding Rounds in last 1 year
Ambercycle (2013, United States) Solid Waste Management Tech (Phenix)

5 5 $21.6M - Series A - Jan 2022 (# Cos: 1403 | $7.2B)
Companies Funded Companies Evrnu (2014, United States) Recycling (AMP Robotics)
$15.0M - Series B - Oct 2021 (# Cos: 409 | $2.6B)
Technology Providers (Li-Cycle)

$68.7M 2 (# Cos: 96 | $229M)
Textile Recycling (Evrnu)
(# Cos: 5 | $68.7M)
- -
IPOs Acquisitions
Back to index
Industrial Wastewater Treatment Nano $33.4M (▲278%)

13 Membranes $ Invested in last 1 year
H2O Innovation ZwitterCo Swirltex 1 (▼66.7%)

(2000, Canada) (2018, United States, $43.3M) (2015, Canada, $1.0M) # Funding Rounds in last 1 year
ZwitterCo (2018, United States) Water and Wastewater Management Tech (AiDash)
16 11 $33.4M - Series C - May 2022 (# Cos: 1326 | $2.2B)
Companies Funded Companies Water Treatment (CycloPure)

(# Cos: 216 | $426M)
Commercial (De Nora)

$51.7M 1 (# Cos: 152 | $235M)
Total $ Invested Soonicorn Club Nanotech (ZwitterCo)

(# Cos: 41 | $65.5M)
Membranes (H2O Innovation)

(# Cos: 16 | $51.7M)
2 3
IPOs Acquisitions
Back to index
$31.7M (▲840%)
14 Synthetic Turf Recycling $ Invested in last 1 year
Re-Match 2 (▲100%)
(2013, Denmark, $49.2M) # Funding Rounds in last 1 year
Re-Match (2013, Denmark) Solid Waste Management Tech (Phenix)

1 1 $31.6M - Series A - Sep 2021 (# Cos: 1403 | $7.2B)
Companies Funded Companies Re-Match (2013, Denmark) Recycling (AMP Robotics)

$60.5K - Seed - Jul 2021 (# Cos: 409 | $2.6B)

$49.2M 0 Materials)
Synthetic Turf (Re-Match)
(# Cos: 1 | $49.2M)
- -
IPOs Acquisitions
Back to index
$29.5M (▼50.9%)
15 Robotic Solid Waste Sorting $ Invested in last 1 year
AMP Robotics ZenRobotics Smarter Sorting 3 ( <> 0% )

(2015, United States, $77.7M) (2007, Finland, $17.1M) (2015, United States, $55.4M) # Funding Rounds in last 1 year
Smarter Sorting (2015, United States) Solid Waste Management Tech (Phenix)
24 15 $25.0M - Series B - Mar 2022 (# Cos: 1403 | $7.2B)
Companies Funded Companies Glacier (2019, United States) Recycling (Redwood Materials)
$4.5M - Seed - Apr 2022 (# Cos: 409 | $2.6B)
Gongye Technology (2018, China)
Automated Sorting (Greyparrot)
$175M 4 Undisclosed - Seed - Oct 2021
(# Cos: 38 | $202M)
Robots (AMP Robotics)
(# Cos: 24 | $175M)
- 1
IPOs Acquisitions
Back to index
$25.0M (▲511%)
16 Chemicals Waste Classification Software $ Invested in last 1 year
Smarter Sorting 1 ( <> 0% )

(2015, United States, $55.4M) # Funding Rounds in last 1 year
Smarter Sorting (2015, United States) Chemicals Tech (Indigo)

1 1 $25.0M - Series B - Mar 2022 (# Cos: 1362 | $7.5B)

Chemicals IT (Citrine Informatics)
(# Cos: 189 | $231M)
Waste Classification (Smarter Sorting)

$55.4M 1 (# Cos: 1 | $55.4M)
- -
IPOs Acquisitions
Back to index
$22.0M ( -- )
17 Solid Waste Collection Marketplace $ Invested in last 1 year
Rubicon Recykal Tiptapp 1 ( -- )

(2008, United States, $429M) (2016, India, $25.1M) (2016, Sweden, $3.4M) # Funding Rounds in last 1 year
Recykal (2016, India) Solid Waste Management Tech (Phenix)

120 36 $22.0M - Series A - Jan 2022 (# Cos: 1403 | $7.2B)

Collection (AMCS)
(# Cos: 687 | $1.4B)
Marketplaces (Rubicon)
$466M 3 (# Cos: 120 | $466M)
- 1
IPOs Acquisitions
Back to index
$19.8M (▲1151%)
18 Computer Vision Based Sorting $ Invested in last 1 year
Greyparrot Recycleye LIXO 4 (▲300%)

(2018, United Kingdom, $16.5M) (2019, United Kingdom, $6.4M) (2019, France, $4.0M) # Funding Rounds in last 1 year
Greyparrot (2018, United Kingdom) Solid Waste Management Tech (Phenix)

14 7 $11.0M - Series A - May 2022 (# Cos: 1403 | $7.2B)
Companies Funded Companies Recycleye (2019, United Kingdom) Recycling (Redwood Materials)
$4.8M - Seed - Sep 2021 (# Cos: 409 | $2.6B)
LIXO (2019, France)
Automated Sorting (AMP Robotics)
$26.9M 2 $4.0M - Seed - Jan 2022
(# Cos: 38 | $202M)
Total $ Invested Soonicorn Club Recircula Solutions (2017, Spain)
Undisclosed - Seed - Jul 2021 Computer Vision Software
(Greyparrot)
(# Cos: 14 | $26.9M)
- -
IPOs Acquisitions
Back to index
$18.7M (▲48.3%)
19 Lithium Battery Recycling Technologies $ Invested in last 1 year
Li-Cycle Lohum Green Li-ion 3 (▼50%)

(2016, Canada) (2011, India, $11.0M) (2020, Singapore, $20.6M) # Funding Rounds in last 1 year
Green Li-ion (2020, Singapore) Solid Waste Management Tech (Phenix)

5 5 $11.6M - Series A - Apr 2022 (# Cos: 1403 | $7.2B)
Companies Funded Companies Green Li-ion (2020, Singapore) Recycling (AMP Robotics)
$5.2M - Series A - Jan 2022 (# Cos: 409 | $2.6B)
Lohum (2011, India)
Technology Providers (Attero Recycling)
$33.4M 2 $2.0M - Series A - Aug 2021
(# Cos: 96 | $229M)
Lithium Recycling (Li-Cycle)
(# Cos: 5 | $33.4M)
1 -
IPOs Acquisitions
Back to index
$16.0M (▲56.5%)
20 Carbon To Building Materials $ Invested in last 1 year
CarbonCure Carbicrete CarbonBuilt 7 (▲40%)

(2007, Canada, $88.6M) (2016, Canada, $22.0M) (2020, United States, $10.0M) # Funding Rounds in last 1 year
CarbonBuilt (2020, United States) Air Pollution Management Tech (iRobot)

14 9 $10.0M - Series A - Oct 2021 (# Cos: 1422 | $5.9B)
Companies Funded Companies Carbicrete (2016, Canada) Carbon Management (LanzaTech)

$8.0M - Series A - Mar 2022 (# Cos: 590 | $3.8B)
CUT (2013, Canada) Carbon Capture (Carbon Clean)

$143M 3 $6.2M - Seed - Apr 2022 (# Cos: 150 | $2.6B)
Total $ Invested Soonicorn Club Carbon8 (2006, United Kingdom) Carbon to Materials (Carbicrete)
$6.0M - Series A - Jun 2022 (# Cos: 30 | $286M)
Carbicrete (2016, Canada) Building Materials (CarbonCure)
$6.0M - Series A - Apr 2022 (# Cos: 14 | $143M)
- - GreenJams (2017, India)
IPOs Acquisitions
$265K - Seed - Oct 2021
Blue Planet S.. (2012, United States)
Undisclosed - Series C - Jun 2022
Taxonomy (1/8)
# Cos # Funded $ Funding
Taxonomy Total Funding Notable Companies
Tracked Cos. (Last 2y)
Cognitive Computing 1 1 Zolitron
Application Development Tools 1 1 Tilda
Open Source 1 1 geoFluxus
AgroTech Solutions, Aerial Surveying

Drones 2
Professionals
Food Tech 40 24 $101M $45.0M (▲47%) Phenix, Winnow
Smart Homes 9 1 GeniCan, Bruno
Internet of Things Infrastructure 3 namaki, Weifulai Technology
Smart Cities 76 36 $520M $2.7M (▼99%) Rubicon, Rubicon
Finance & Accounting Tech 1 Discovery
NewSpace 2 1 $449K Skytree, Papusha
Logistics Tech 7 1 Angkuts, EasyRoute
Coupons and Deals 1 Drops of Fun
Taxonomy (2/8)
Investment Tech 1 Entrex
Road Transport Tech 2 Ingenious, Robato Systems
Solar Energy 1 WET Solutions
Electric Vehicles 5 4 $15.9M $11.5M (▲476%) Lohum, Spiers New Technologies
Energy Storage 14 9 $15.4M $9.0M (▲177%) Lohum, Electro-Active Technologies
Home Improvements 4 1 $20.0K Project Repat, The Wholeleaf Company
Wind Energy 1 1 $5.1M $4.8M (▲1225%) Liquid Wind
Construction Tech 29 12 $153M $33.0M (▼59%) CarbonCure, Carbicrete
Smart Grid 1 1 SIV.AG
Energy Efficiency 9 4 $734K $81.8K Wellness TechGroup, BH Technologies
Local Services 68 11 $50.7M $298K (▼98%) TheKabadiWala, Bintix
3D Printing 1 Repair3D
Taxonomy (3/8)
Online Grocery 2 2 $3.0M -- (▼100%) ReGrained, TotalCtrl
Fashion Tech 23 18 $196M $97.0M (▲37%) Re:newcell, Evrnu
Healthcare IT 1 SharpSoft
Horizontal E-Commerce 3 2 Recycle, Deko Eko
Geographic Information Systems 5 2 $120K -- (▼100%) Topolytics, Albo Climate
B2B E-Commerce 10 2 Eco eMarket, Loopfront
Advanced Materials 46 41 $618M $503M (▲473%) Solugen, Re:newcell
Cryptocurrencies 2 1 $30.5M 4New, Nakamotor
Cannabis HealthTech 2 2 MIRRECO, Lalpina
Loyalty Software 1 Earth Loyalty
Manufacturing Tech 4 1 SLOC, Lean Solutions
Beauty Tech 3 Green Circle Salons, GLO Recycling
Taxonomy (4/8)
Oil & Gas 2 1 $2.4M Oil Skimmers, Nowa Technology
Nonprofit Tech 1 ZeroNet
Food & Beverage Products 3 3 $4.7M $669K (▼82%) ReGrained, RISE Products
Nutraceuticals Tech 1 1 $79.9K -- (▼100%) Seagrass Tech
Oil & Gas Tech 17 10 $524M $478M (▲1286%) Crusoe Energy, Cryo Pur
Sensors 5 4 $30.0K Zolitron, Eagle Vision Systems
Nanotechnology 88 48 $209M $49.0M (▲341%) H2O Innovation, NanoH2O
Security & Surveillance Technology 2 Ingenious, Robato Systems
Mining Tech 5 4 $12.9M $12.1M Phoenix Tailings, Ultromex
Facility Management Tech 6 2 $6.1M $6.1M ViaBot, City Console
Genomics 2 2 $312M Chromatin, Joule Unlimited
Home Care Products 1 1 $11.6M $11.1M (▲5076%) Phool
Taxonomy (5/8)
Solid Waste Management Tech 1402 589 $7.2B $3.2B (▲175%) Phenix, AMP Robotics
Infinite Cooling, WaterSmart

Water and Wastewater Management Tech 289 148 $633M $227M (▲120%)
Environmental
Digital Twin 2 1 $500K $500K Waste Labs, Digital Twin Corporation
Renewable Energy Tech 83 45 $2.0B $485M (▲24%) Chromatin, Carbon Engineering
Oil & Gas Midstream 1 1 $5.1M $4.8M (▲1225%) Liquid Wind
Property Management Tech 5 2 $6.1M $6.1M ViaBot, Green Platforms
Air Pollution Management Tech 159 119 $2.7B $1.5B (▲172%) Carbon Clean, LanzaTech
Blockchain Infrastructure 1 Nakamotor
Consumer Electronics E-Commerce 6 1 GeniCan, Bruno
Nephrology 1 Lauer
Hospital Equipment 5 2 $2.1M RxDestruct, Serres
Chemicals Tech 56 35 $620M $87.2M (▼50%) LanzaTech, Smarter Sorting
Taxonomy (6/8)
Materials Tech 3 2 $2.0M $2.0M Replenysh, Percy Roc
Livestock Tech 17 12 $38.2M $21.0M (▲3470%) Deep Branch, Capro-X
Crop Tech 49 27 $517M $51.9M (▲4%) Chromatin, Carbo Culture
Forestry Tech 1 1 Montinutra
Aquaculture Tech 15 12 $74.5M $22.9M (▲28622%) Deep Branch, Fermentalg
Insect Farming Tech 2 2 $6.1M $5.0M ProtaCulture, Bardee
Plug and Play Tech Center Batches 19 19 $92.1M $36.0M (▲57%) Phenix, Cruz Foam
SOSV Batches 7 7 $10.2M -- (▼100%) BioCellection, ViaeX Technologies
MassChallenge Batches 15 15 $121M $109M (▲1547%) Infinite Cooling, Loci Controls
Tech Nation Batches 2 2 $40.6M $11.0M (▼29%) Greyparrot, Winnow
Innovation Works Batches 2 2 $75.0K Clean Robotics, Rorus
Packaging Tech 15 9 $31.9M $12.1M (▼13%) Cruz Foam, BIO-LUTIONS
Taxonomy (7/8)
WaterSmart Environmental, Wellness
Vertical Business Intelligence 3 3 $18.5M
TechGroup
IoT Applications 20 8 $2.4M $547K Loci Controls, PIN-IoT
Computer Vision 15 10 $456M $21.3M (▼87%) Rubicon, Greyparrot
Life Sciences Platforms and Tools 10 9 $53.6M $4.3M (▲86%) Fermentalg, String Bio
Professional Service Robots 30 18 $145M $78.9M (▲165%) AMP Robotics, ZenRobotics
Business Intelligence 1 1 geoFluxus
Big Data Analytics 2 2 Wellness TechGroup, geoFluxus
ERP 148 39 $239M $57.9M (▲512%) AMCS, ReCollect
Field Force Automation 2 1 $100K -- (▼100%) Jumeni, Bartec Auto
GovTech 5 2 $45.2K Responscity, Zerocycle
GRC Software 5 3 $45.0M Hara, Renewance
AdTech 1 CitBins
Taxonomy (8/8)
Tech for Traditional Advertising 1 BANTgo
View full Taxonomy on Tracxn Platform
Contents
Overview
Funding
Investors
Acquisitions
IPOs
Companies
Unicorns
Business Models
News Recent Key News
Appendix
Recent Key News (1/3)
Transactions Company Updates
● Ostara Building New Crystal Green® Fertilizer Production Facility ● Liquid Wind Announces Plans for Its Second Electrofuel Facility,
GlobeNewswire FlagshipTWO, to Be Establishe.. FuelCellsWorks
● New Battery Materials Raises S$800K in Seed Funding FinSMEs ● Li-Cycle Holdings Corp. Added to Russell 2000 Index Business Wire
● Infinited Fiber Company Plans $420 Million Factory SGB Media ● A Renewed Operation And Maintenance Contract In Georgia, United
● Beauparc swoops for waste management firm Insider Media
States TechiLive.in
● Carbon capture plant proposed for Durham Insider Media
● Erema acquires minority stake in Plasticpreneur Sustainable Plastics
● Infinited Fiber displaying recycling technology at Techtextil, Germany
● Posh raises $3.8M seed round to automate EV battery recycling PR
Fibre2Fashion
Newswire
● AMCS Announces Release of AMCS Platform Summer 22 Featuring New
● Waste management group grows its portfolio with Yorkshire acquisition
TheBusinessDesk.com AI-Based Solutions and Increase.. Business Wire
● Crusoe Energy Systems Acquires Easter-Owens, Vertically Integrates Data ● Manure treatment company LWR finds value in waste Calgary Herald
Center Design and Manuf.. Business Wire ● Construction Begins for New “Centre of Excellence for Carbon Capture &
● Carbon Upcycling Awarded £2.3 Million to Manufacture Removal” in British Colu.. Business Wire
Climate-Resilient Cement from Waste Glass.. CEMEX Ventures ● Recycler Li-Cycle Eyes Asia Foray to Feed Battery Metal Boom Financial
Post
● BEWI ASA’s Acquisition of Berga Recycling Inc. Global Legal Chronicle
● UK's Worn Again launches Swiss Textile Recycling Ecosystem Fibre2Fashion
Legal Partnerships
● The Schall Law Firm Encourages Investors in Li-Cycle Holdings Corp. with ● Toyota joins Redwood Materials' EV battery recycling initiative
Losses of $100,000 to userwalls.news userwalls.news
● Bronstein, Gewirtz & Grossman, LLC Reminds Li-Cycle Holdings Corp. ● WWP Beauty Partners with Oceanworks® to Launch New Ocean Plastic
f/k/a Peridot Acquisition Co.. Business Wire Tube GlobeNewswire
● Pomerantz Law Firm Investigates Claims On Behalf of Investors of ● SKGC and partners to build recycled PET facility in Europe Packaging
Li-Cycle Holdings Corp. - LICY userwalls.news Gateway
● Rosen, A Longstanding Law Firm, Encourages Li-cycle Holdings Corp. ● Heinz partners with Tesco to create recyclable snap-pots Retail Gazette
F/k/a Peridot userwalls.news ● De Nora signs MOU with SWCC csengineermag.com
● Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit ● LanzaTech, with the support of Danone, Discovers Method to Produce
Has Been Filed Agains.. Business Wire Sustainable PET Bottles from.. GlobeNewswire
● The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline ● Water-From-Air: Israel's Watergen brings global patented technology to
in the Class Action Laws.. Business Wire India with SMV Jaipuria G.. ZEE Business
● Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits ● Claros Technologies, Kureha Partner To Develop A Cutting-Edge PFAS
Have Been Filed Again.. userwalls.news Capture-And.. Textile Industries Media Group
● Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in ● Bridgestone’s tires are going circular Tech Investor News
the Class Action Lawsuit .. userwalls.news
● Plant-Based Food Brands Join Forces to Fight Plastic Waste GlobeNewswire
● The Law Offices of Vincent Wong Remind Li-Cycle Investors of a Lead
Plaintiff Deadline of June.. userwalls.news
● Hagens Berman, National Trial Attorneys, Encourages Li-Cycle Holdings
Corp. (LICY) userwalls.news
People Movement Other
● Rubicon Announces Nomination of Barry H. Caldwell to its ● Li-Cycle Reports Second Quarter 2022 Financial Results; Closed Two
Post-Combination Board of Directors GlobeNewswire Significant Long-Term Commer.. Business Wire
● Sunderland recycling plant to create 100 jobs via Norwegian global ● Loop Industries reports Q4 results Seeking Alpha
waste specialist Bdaily
● Recover™ Crowded Winner at the Green Product Award 2022 in the
● Wave-powered desalination tech company looking to expand its team Category Fashion Business Wire
Offshore Energy
● CarbonCure recognised on 2022 CNBC Disruptor 50 List gasworld
● EcoATM/Gazelle names chief product, technology officer vendingtimes.com
● rePurpose Global Receives Honorable Mention in Fast Company’s 2022
● Black Bear appoints commercial director Tyrepress World Changing Ideas Awards GlobeNewswire
● Holly Gordon Joins Crusoe Energy Systems as VP of Public Engagement & ● Thai tubes given green light by RecyClass Plastics in Packaging
ESG, Hui Wen Chan Joins a.. Business Wire
● Smarter Sorting Named Winner in the AI and Data Category of Fast
● Recycling Technologies cancels London IPO after CEO resigns Morningstar Company's 2022 World Changing Id.. PR Newswire
● WasteFuel Strengthens Leadership With Appointment of Leading ● Rubicon Reports Full Year 2021 Financial and Operational Results
Biofuels Executive as New COO Business Wire GlobeNewswire
● Consultancy appointed for carbon capture facility Insider Media ● Upgrading plastic waste into valuable products csengineermag.com
● TOMRA Food strengthens leadership team to sharpen focus on ● Li-Cycle Reports First Quarter 2022 Financial Results; Significant
customers' needs provisioneronline.com Milestone Achieved for Roche.. Business Wire
Contents
Overview
Funding
Investors
IPOs
Acquisitions
Companies
Unicorns
Business Models
News
Appendix
Vendor Discovery
# Vendor Name Country # Customers Customers
1 Berkner Group United States 2 Infinite Cooling ($16.3M), BioCellection ($300K)
2 ALPHAJUMP Germany 1 TOMRA
3 Angel Investment.. United Kingdom 1 The Wholeleaf Company
4 AXS GUARD Belgium 1 TOMRA
5 Barcode to PC 1 Sensoneo ($2.3M)
6 CAHER Spain 1 BWT
7 Angel Investment.. Canada 1 The Wholeleaf Company
8 Celsia Norway 1 QuantaFuel ($21.9M)
9 Codifier India 1 GeniCan
10 Cote Clair Belgium 1 Do Eat
Note: Numbers in bracket indicate the total funding of the company.
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Analyst Picks in Israel Tech
Company Due Diligence Exits Miscellaneous

Company Detail Page of DoorDash Public Companies Key News in FinTech
Competitors of Freshworks Acquired Companies Events in Bay Area
Cap Table for TransferWise Most Active Acquirers Angel Investors in United States
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BigBasket P2P Remittance Food Tech Artificial Intelligence China Tech
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Monthly Unicorn Report FinTech Europe India Tech
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TRACXN FEED REPORT

JUNE 28, 2022

AMP Robotics Crusoe Energy

Scope of Feed Top Geographies by Companies

United Kingdom 143

Unfunded Companies Funded Companies

Top Funding Rounds in last 2y Top Investors Top Exits

Lithium Battery Recyclers $839M

Carbon Sequestration through

ORGANIC WASTE CONVERSION Waste To Fuel $301M

Bio Ethanol From Waste $255M

Fibre Waste Recyclers $136M

Waste to Electricity $130M

Syngas From Waste $116M

Software for Solid Waste

*Upcoming Business Model

Funded 845 100% 46% -

Series A+ 164 19% 19% 2.7

Series B+ 81 10% 49% 3.7

Series C+ 49 6% 60% 4.1

# Rounds Top Funded Company Montreal $876M

Canada 106 Enerkem (859M) Zurich $764M

Switzerland 14 Climeworks (762M) Denver $513M

France 43 Fermentalg (30.3M)

Late Stage $48.6M

2017 2018 2019 2020 2021 2022 YTD

Massachusetts Solugen INENTEC Joule Unlimited

Stanford University Redwood Materi.. Hara Lohum

IIT Kharagpur Carbon Clean Encashea

Harvard Business Joule Unlimited Lohum CarbonBuilt

University of Carbon Enginee.. BioCellection Genecis

University of NanoH2O ReGrained The Hurd Co

University of 4New ECOR Global CycloPure

Air Co. Prometheus Angstrom Byaku..

Google AMP Robotics Dalmia Polypro.. Graviky

Microsoft WISErg SunToWater Tec.. GeniCan

Facebook Hara FusionOne

McKinsey Winnow Wastelink Opus 12

Apple ZenRobotics SunToWater Tec..

Amazon Seabound SunToWater Tec.. INDRA

Boston Consulting Bintix Toter

SOURCE (2010, United States, $109M) $109M Series D Apr 2022 -

ecoATM (2008, United States, $348M) $75M Series D Jun 2021 -

ZwitterCo (2018, United States, $43.3M) $33M Series C May 2022 -

Re-Match (2013, Denmark, $49.2M) $32M Series A Sep 2021 -

View all 47 funding rounds on Tracxn Platform

Seed Stage TES-AMM 3 ( -- )

Early Stage Speedinvest 3 ( -- )

Late Stage Temasek 3 ( -- )

Carbon Engineering ($103M), AMP Robotics ($77.7M),

AMP Robotics ($77.7M), Evrnu ($26.0M), GreenMantra

6 HTGF Germany 484 4 Resourcify ($10.2M), Saperatec ($5.6M), Traceless

4 Temasek Singapore 429 4 Solugen ($387M), Svante ($175M), Ambercycle ($27.0M)

Carbon Engineering ($103M), Twelve ($57.0M), Carbo Culture

2 GIC Singapore 235 2 Climeworks ($762M), Solugen ($387M)

3 G2VP United States 43 2 Crusoe Energy ($513M), Smarter Sorting ($55.4M)

4 Focus Ventures United States 101 1 Hara ($45.0M)

5 Greenspring Associates United States 193 1 RTS ($70.5M)

2 Taaleri Finland 93 2 Betolar ($8.3M), Tracegrow ($1.8M)

3 Turenne Capital France 355 2 EMYG ($1.6M), Pellenc ST ($425K)

4 Aloe Private Equity France 8 2 Recupyl ($18.8M), PerPETual Global

5 STORY3 United States 10 2 undefined ($100M), Recover

7 SWEN Capital Partners France 24 2 Hubcycle ($5.6M), TRYON ($1.1M)

8 Avedon Capital Partners Netherlands 24 2 BWaste, WasteVision