Tech Company Financing Transactions
Samsara Eco Funding Round
Samsara Eco, based in New South Wales, secured $34.7 million in funding from Assembly Climate Capital, Breakthrough Victoria and Clean Energy Finance.
Transaction Overview
Company Name
Announced On
11/1/2022
Transaction Type
Venture Equity
Amount
$34,700,000
Round
Series A
Investors
Proceeds Purpose
Samsara's new funding will be used for expansion, building its library of plastic-eating enzymes and funding its first commercial facility, which it says will be able to infinitely recycle 20,000 tons of plastic starting in 2024. It will also grow its engineering team and expand operations into Europe and North America.
Company Information
Company Status
Private & Independent
Industry
Environmental
Mailing Address
Sydney
New South Wales, 2000
Australia
New South Wales, 2000
Australia
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Developer of an enviro-tech company designed to create infinite recycling to end plastic pollution. The company has developed a revolutionary biocatalyst technology that allows for the infinite recycling of plastics and the technology is particularly useful in recycling heterogeneous mixes of hard-to-recycle plastics, including colored, multilayered, and mixed plastics, thereby helping in creating plastic-eating super enzymes that break plastic back down to its core molecules regardless of color and shape and can then be used by manufacturers to produce brand new plastic items.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Paul Riley
Chief Scientific Officer
Colin Jackson
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