# NILO

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

- Industry: Environmental Services
- Headquarters: Auckland, New Zealand
- Website: www.nilo.world
- Total disclosed funding: $13M
- Latest round: Series A (Dec 4, 2024)
- Investors on record: 2

## About

Founded in 2017 and based in Auckland, New Zealand, NILO Limited focuses on plastic waste management, by transforming plastic waste into economically viable products through recycling technologies. In December 2024, NILO Limited raised USD 13 million in series A funding co-led by investors Ikea Group and Pacific Channel. The firm as of December 2024, is led by its Managing Director and CEO, Tim Williams.

The company’s core offerings include advanced waste processing systems that convert plastic waste into low-energy binding agents suitable for various industrial applications. The end-use cases target multiple sectors, including packaging, automotive, and construction, aiming to mitigate the environmental impact of plastic waste. NILO serves a diverse client base that includes manufacturers and industrial firms across Europe and North America. 

The company plans to utilize the December 2024 funding to grow its team and develop more sustainable technologies to address industrial challenges.

## Funding rounds

- Series A, Dec 4, 2024, $13M — Ikea Group, Pacific Channel

## Investors

- Ikea Group — Series A
- Pacific Channel (https://capitalatlas.ai/funds/pacific-channel) — Series A