# Excess Materials Exchange

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/excess-materials-exchange

- Industry: Environmental Services
- Headquarters: North Holland, Netherlands
- Website: www.excessmaterialsexchange.com
- Total disclosed funding: $5M
- Latest round: Series A (Dec 15, 2024)
- Investors on record: 1

## About

Based in North Holland, Netherlands, and founded in 2017 by CEO Christian van Maaren, Excess Materials Exchange operates as an AI-integrated technology that helps the company to identify, share, and repurpose surplus materials that turn potential waste into valuable resources. In December 2024, Excess Materials Exchange raised USD 5 million in Series A funding led by Saudi Aramco Entrepreneurship Ventures.

Excess Materials Exchange offers a platform designed to facilitate the repurposing of waste and excess materials by connecting businesses with partners. The company’s product focuses on creating a marketplace that matches surplus materials to recycling and reuse solutions, contributing to a circular economy. It offers various features of the platform including product passports that leverage QR codes and RFID tags, providing detailed insights into material composition, condition, location, quantity, and lifecycle. As of 2024, the firm’s functionality supports businesses across various sectors, including construction, manufacturing, and retail, enabling them to reduce waste and reduce environmental impact.

The company plans to use the funding from December 2024 to localize its technologies in Saudi Arabia and expand into new markets across the region.

## Funding rounds

- Series A, Dec 15, 2024, $5M — Saudi Aramco Entrepreneurship Ventures

## Investors

- Saudi Aramco Entrepreneurship Ventures (https://capitalatlas.ai/funds/saudi-aramco-entrepreneurship-ventures) — Series A