Tech Company Financing Transactions
TrueCircle Funding Round
TrueCircle, based in London, secured $5.5 million from Lowercarbon Capital, Firstminute Capital and Giant Ventures.
Transaction Overview
Company Name
Announced On
3/2/2022
Transaction Type
Venture Equity
Amount
$5,500,000
Round
Seed
Investors
Lowercarbon Capital (Lead Investor) (Chris Sacca)
Proceeds Purpose
Here its premise is that it will be able to help facilities achieve better prices for the processed waste as a result of the data that will come attached to it -- aka, the analytics and quality/purity guarantee its AI is able to provide.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
125 Kingsway
London, WC2B 6NH
United Kingdom
London, WC2B 6NH
United Kingdom
Phone
Undisclosed
Website
Email Address
Overview
TrueCircle's mission is to transform a recycling industry that is struggling to cope with society's unrelenting consumption. Nations across the world continually miss their recycling targets; of all plastics ever produced, only 9% has been recycled. The rest ends up polluting our environment beyond repair and accelerating the climate crisis that threatens our existence.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Rishi Stocker
Co-Founder
Eamon Jubbawy
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