# Pyrowave

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

- Industry: Environmental Services
- Headquarters: Oakville, Canada
- Website: www.pyrowave.com
- Latest round: Series B (Apr 30, 2020)
- Investors on record: 3

## About

Pyrowave Inc. specializes in innovative microwave technologies that transform plastic waste into sustainable materials, focusing on the recycling of polystyrene and production of high-quality virgin resin.Founded in 2013 and headquartered in Oakville, Canada, Pyrowave Inc. develops microwave technology to depolymerize plastics. The company has undertaken 10 deals since inception, with its most recent funding round, a Grant of CAD 3.3 mn, led by Sustainable Development Technology Canada on May 21, 2021. Founder Jean-Philippe Laviolette previously founded other ventures prior to establishing Pyrowave.Pyrowave offers proprietary microwave technology that efficiently depolymerizes polystyrene into virgin-identical styrene monomer and purifies plastic feedstock, enhancing the quality of recycled materials. The company also explores low-carbon cement production and carbon fiber recovery, catering to industrial clients across North America, Europe, and Asia, who seek sustainable plastic management solutions.Pyrowave's revenue model is based on licensing its technologies and selling related equipment to plastic recycling and material manufacturing companies. The firm engages in B2B partnerships, providing access to its innovative processes that enable clients to produce sustainably sourced materials meeting industry standards.With recent funding, Pyrowave Inc. aims to meet the rising demand for its technologies among companies seeking sustainable solutions. The funding will support the launch of new products designed to enhance recycling capabilities and facilitate market expansion into regions such as Europe and Asia by 2022.

## Funding rounds

- Series B, Apr 30, 2020 — Sofinnova Partners, Fonds Ecofuel, Michelin Ventures
- Seed, Jun 1, 2013 — Fonds Ecofuel

## Investors

- Fonds Ecofuel (https://capitalatlas.ai/funds/fonds-ecofuel) — Seed, Series B
- Sofinnova Partners (https://capitalatlas.ai/funds/sofinnova-partners) — Series B
- Michelin Ventures — Series B