# Samsara Eco

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/samsara-eco-pty

- Industry: Environmental Services
- Headquarters: Sydney, Australia
- Website: www.samsaraeco.com
- Total disclosed funding: $117M
- Latest round: Series A (Jun 26, 2024)
- Investors on record: 15

## About

Established in 2021 and based in New South Wales, Australia, Samsara Eco Pty Limited operates as an environmental-tech company that develops an enzymatic technology to recycle plastics. In March 2022, Samsara Eco Pty Limited raised USD 6 million in venture funding from new investor CEFC. Returning investors Main Sequence Ventures and W23 also participated in the round. As of May 2022, the company has a team of 13 people primarily scientists and engineers, and researchers.
Samsara Eco Pty Limited develops a biocatalyst technology that allows for the recycling of plastics. Its technology depolymerizes plastic waste and allows for the reuse of monomers in producing food-grade plastics with the same characteristics as virgin plastic. The technology is particularly useful in recycling heterogeneous mixes of hard-to-recycle plastics, including colored, multilayered, and mixed plastics.

Samsara Eco Pty Limited will use the venture funding to grow its team and build its recycling plant with full-scale production starting in 2023.

## Funding rounds

- Series A, Jun 26, 2024, $66M — Temasek Holdings, Lululemon Athletica Inc., DCVC, Titanium Ventures, Main Sequence Ventures, Hitachi Ventures, Wollemi Capital
- Series A, May 1, 2024, $8M — Greycroft
- Series A, Jul 15, 2022, $37M — Temasek Holdings, Woolworths Group Limited, DCVC, Clean Energy Finance Corporation, Main Sequence Ventures, INP Capital, Breakthrough Victoria, Assembly Climate Capital
- Series A, Jun 30, 2022, $5M — Woolworths Group Limited, CEFC, Main Sequence Ventures
- Seed, May 10, 2021, $0.8M — Australian National University, Woolworths Group Limited, Main Sequence Ventures

## Investors

- Australian National University — Seed
- Woolworths Group Limited — Seed, Series A
- Main Sequence Ventures (https://capitalatlas.ai/funds/main-sequence-ventures) — Seed, Series A
- CEFC — Series A
- Temasek Holdings — Series A
- DCVC (https://capitalatlas.ai/funds/dcvc) — Series A
- Clean Energy Finance Corporation — Series A
- INP Capital (https://capitalatlas.ai/funds/inp-capital) — Series A
- Breakthrough Victoria — Series A
- Assembly Climate Capital (https://capitalatlas.ai/funds/assembly-climate-capital) — Series A
- Greycroft (https://capitalatlas.ai/funds/greycroft) — Series A
- Lululemon Athletica Inc. — Series A
- Titanium Ventures (https://capitalatlas.ai/funds/titanium-ventures) — Series A
- Hitachi Ventures (https://capitalatlas.ai/funds/hitachi-ventures) — Series A
- Wollemi Capital (https://capitalatlas.ai/funds/wollemi-capital) — Series A