EPA to fund small businesses for waste and recycling technology

RoadRunner Recycling of Pittsburgh Announced Closing of $ 70 Million Series D Investment Beyond NetZero, the climate investment firm of the private equity firm General Atlantic, bringing RoadRunner’s total funding to date to $ 129.5 million.

RoadRunner says it has diverted more than 200,000 tonnes of material from landfills at more than 8,000 sites, saving customers more than $ 50 million. The company’s technology platform predicts the volumes of different materials generated by different industries and containers that will most effectively organize these waste and recycling streams. This enables RoadRunner to offer a personalized plan that helps streamline waste management and recycling operations across a portfolio, the company says, improving recycling rates and making sustainability goals measurable and achievable. while reducing costs and improving service.

With D-Series funding, RoadRunner, which was founded in 2014, says it will continue to develop its machine learning and market technology, expand its corporate business offering, drive national expansion, and support businesses. operations in more than 40 US cities.

“We are grateful for General Atlantic’s partnership and investment in our mission of developing an innovative and sustainable materials management company based on high quality technology,” said Graham Rihn, CEO and Founder of RoadRunner Recycling . “We believe this next stage of growth will put RoadRunner on the right track to realize its vision of propelling the entire waste industry towards lasting change that protects our planet and our future.”

“We founded BeyondNetZero to support innovative growth companies that produce practical and technological climate solutions, like RoadRunner, and help them scale so they can accelerate the net zero transition,” said Michael Bevan, managing director based at New York on General Atlantic’s BeyondNetZero team. “We are delighted to partner with RoadRunner and its leadership team as they strive to make sustainable waste management more affordable and achievable for businesses around the world. “

Rihn says RoadRunner has tremendous growth opportunities. “Often, waste – and its mismanagement – can be a problem that goes unnoticed by businesses. But with the $ 80 billion industry reaching a tipping point for decades of lack of innovation, we’re here to show people that there is a better, more efficient way to manage materials and divert waste. landfill while protecting the planet and your business. of spirit. ”

About RoadRunner Recycling

RoadRunner Recycling’s mission is to elevate recycling in a world dominated by waste. The company provides customized, sustainable materials management solutions backed by technology and designed to serve thousands of business enterprises in more than 20 industries across the country. RoadRunner leverages its proprietary technology and expertise to increase cost savings, improve recycling rates, streamline waste management operations, and deliver an unmatched customer experience that drives sustainability for the waste industry and our world. . For more information on RoadRunner and its services, visit:

About BeyondNetZero

The BeyondNetZero team seeks to invest in growing companies offering innovative climate solutions and aims to help them reach their scale. BeyondNetZero seeks to identify companies that have the potential to meet and exceed net zero emissions targets, with a focus on decarbonization, energy efficiency, resource conservation and emissions management. BeyondNetZero combines General Atlantic’s growth stocks experience with a global team of proven climate investors, advisors and industry leaders, including Lord Browne of Madingley, who is president of BeyondNetZero. This diverse team of experts bring decades of experience in both solving climate-related issues and building pioneering growth companies. For more information on BeyondNetZero, please visit the website: https://beyond-net-zero.com/

About General Atlantique

General Atlantic is a global growth capital firm with more than four decades of experience providing capital and strategic support to more than 445 growth companies throughout its history. Founded in 1980 to partner with visionary entrepreneurs and produce lasting impact, the company combines a collaborative global approach, sector expertise, a long-term investment horizon and a deep understanding of the drivers of growth to partner with great entrepreneurs and management teams to develop innovative businesses. around the world. As of September 30, 2021, General Atlantic currently has more than $ 86 billion in assets under management, all products combined, and more than 215 investment professionals based in New York, Amsterdam, Beijing, Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich. , Palo Alto, São Paulo, Shanghai, Singapore and Stamford. For more information on General Atlantic, please visit the website: www.generalatlantic.com.