# Enevo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/enevo

- Industry: Environmental Services
- Headquarters: Braintree, US
- Website: www.enevo.com
- Total disclosed funding: $15M
- Latest round: Series C (Sep 28, 2017)
- Investors on record: 7

## About

Enevo Oy, based in the US, harnesses advanced technology to optimize waste management operations through a cloud-based platform and sensor technologies, enhancing efficiency and data-driven decision-making for municipalities and businesses alike.Enevo Oy specializes in waste management solutions via a cloud-based platform and sensor technologies. Founded in 2010 in Braintree, US by Johan Engström, the company has made five notable deals, with the latest funding round occurring on September 28, 2017. The company received USD 12 mn in Series C funding led by Lifeline Ventures, with additional investments from Draper Associates, Earlybird Venture Capital, and others. Enevo has not undergone any notable pivots in its business strategy.Enevo's primary offerings consist of a comprehensive cloud-based software platform and a suite of advanced sensor technologies designed to optimize waste management operations. The platform provides real-time data analytics, allowing customers—ranging from municipal authorities and property managers to waste haulers and corporate campuses—to monitor fill levels, track collection events, and analyze waste generation trends. By employing sophisticated algorithms, Enevo's system facilitates dynamic scheduling and routing for waste collection, greatly improving operational efficiency and resource allocation. Additionally, the company's sensor portfolio includes four distinct models tailored for both solid and liquid waste. Enevo's solutions are marketed primarily in North America and Europe, addressing the needs of a diverse clientele, including small regional recyclers and large national waste management firms.In its most recent fiscal year, Enevo reported a revenue of USD 11,172,048.50, with an EBITDA of USD -4,063,958. The company's revenue model is centered around subscription-based services, allowing clients access to its cloud platform and sensor technologies. Clients engage in direct business-to-business transactions with various waste management entities, paying for sensor deployment and ongoing analytics access, which includes features for capacity planning, real-time alerts, and sustainability reporting.In September 2017, Enevo secured USD 12 mn in Series C funding, led by returning investor Lifeline Ventures, which will be utilized to support the company's future growth strategies. Enevo plans to expand its offerings by developing new products that enhance its service capabilities. The company aims to penetrate additional markets within Europe and North America by 2019, targeting municipalities and large corporate clients seeking to improve waste management efficiencies through advanced technology.

## Funding rounds

- Series C, Sep 28, 2017, $12M — Tesi, Earlybird, Lifeline Ventures, Draper, Mistletoe, Ginko Ventures, First Fellow Oy
- Series A, Apr 10, 2013, $2.6M — Tesi, Lifeline Ventures
- Seed, Jan 17, 2012, $0.3M — Lifeline Ventures

## Investors

- Lifeline Ventures (https://capitalatlas.ai/funds/lifeline-ventures) — Seed, Series A, Series C
- Tesi (https://capitalatlas.ai/funds/tesi) — Series A, Series C
- Earlybird (https://capitalatlas.ai/funds/earlybird) — Series C
- Draper (https://capitalatlas.ai/funds/draper) — Series C
- Mistletoe (https://capitalatlas.ai/funds/mistletoe) — Series C
- Ginko Ventures (https://capitalatlas.ai/funds/ginko-ventures) — Series C
- First Fellow Oy — Series C