# Scipher Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/scipher-technologies-pty

- Industry: Environmental Services
- Headquarters: Dandenong, Australia
- Website: https://scipher.com.au/
- Total disclosed funding: $11M
- Latest round: Series B (May 17, 2022)
- Investors on record: 2

## About

Based in Victoria, Australia, and Founded in 2006 by Managing Director Chris Sayers, Scipher Technologies Pty Ltd operates as an e-waste recycler that uses urban mining to recover metals and materials from discarded electronics. In May 2022, Scipher Technologies Pty Ltd raised AUD 15 million in Series B funding co-led by Australian Business Growth Fund and CEFC. 

The company provides recycling services, commodity recovery, data destruction, waste acceptance, hazardous e-waste, and circular economy. The company's blue box technology, which is a closed recycling system, operates under negative pressure and is designed to process flat-screen TVs, smartphones, PCs, and all other categories of e-waste. In addition, the firm serves a range of industries including waste management, manufacturing, disposal, recycling, consumption, import, and distribution. Scipher also provides IT Asset Disposition (ITAD) services, including IT asset recovery and data destruction.

The company will use its funding from May 2022 for the expansion of its operations and support the introduction of new innovative recycling technology to Australia.

## Funding rounds

- Series B, May 17, 2022, $11M — Clean Energy Finance Corporation, Australian Business Growth Fund

## Investors

- Clean Energy Finance Corporation — Series B
- Australian Business Growth Fund (https://capitalatlas.ai/funds/australian-business-growth-fund) — Series B