# Olyns

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

- Industry: Environmental Services
- Headquarters: Santa Clara, US
- Website: www.olyns.com
- Total disclosed funding: $5M
- Latest round: Series A (May 8, 2023)
- Investors on record: 1

## About

Founded in 2019 and based in California, US, Olyns Inc. operates as an environmental service provider that offers smart recycling solutions. The company was founded by its CEO, Philip Stanger. In April 2024, Olyns Inc. raised venture debt funding from Closed Loop Partners.

Olyns owns and operates a network of recycling machines, mainly AI-powered reverse vending machines. Consumers can deposit beverage containers into these machines to earn money or rewards. The company offers advertising space on the machines to businesses. In addition, the company offers a mobile application for both Android and iOS users.

The company plans to use the funds raised in April 2024 to advance the production of Olyns' Cubes, enabling increased access to recycling and promoting circular supply chains for consumer packaging.

## Funding rounds

- Series A, May 8, 2023, $4M — Vanedge Capital
- Seed, Nov 15, 2021, $1M — Vanedge Capital

## Investors

- Vanedge Capital (https://capitalatlas.ai/funds/vanedge-capital) — Seed, Series A