# Perpetual Next

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/perpetual-next

- Industry: Environmental Services
- Headquarters: Amsterdam, Netherlands
- Website: www.perpetualnext.com
- Total disclosed funding: $831M
- Latest round: Series A (Dec 31, 2021)
- Investors on record: 1

## About

Based in the Netherlands, and founded in 2019, Perpetual Next BV operates as a climate technology company. The company was founded by Martijn van Rheenen. In December 2021, Perpetual Next B.V. raised EUR 320 million in Series A funding from Momentum Capital. As of 2021, the company’s CEO is Niels Wage.

Perpetual’s primary lines of business include Perpetual Next Technologies, Perpetual Next Conversions, and Perpetual Next Trading. The product line of the company includes perpetual carbon, which is a renewable carbon that is developed by using a high-temperature torrefaction (HTT) reactor; Perpetual Next Conversions, which is a technology that converts organic residual flows into renewable products; and Perpetual Next trading, which is a trading platform that trades bio-based raw materials.

The company plans to use the funds raised in December 2021 to develop its technology.

## Funding rounds

- Series A, Dec 31, 2021, $364M — Momentum Capital
- Seed, Jan 1, 2021, $243M — Momentum Capital
- Seed, Jan 1, 2020, $168M — Momentum Capital
- Seed, Jul 27, 2019, $56M — Momentum Capital

## Investors

- Momentum Capital — Seed, Series A