# Viridi Parente

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/viridi-parente

- Industry: Industrial Machinery
- Headquarters: Buffalo, US
- Website: www.greenmachineco.com
- Total disclosed funding: $124M
- Latest round: Series C (Dec 21, 2021)
- Investors on record: 6

## About

Viridi Parente, Inc. specializes in innovative green technology solutions that enhance efficiency in waste management and energy generation, addressing environmental challenges through advanced machinery and sustainable practices.Founded in 2012 in Buffalo, US, Viridi Parente, Inc. focuses on developing technologies for waste management and energy solutions. The company raised USD 94.7 mn in Series C funding on December 21, 2021, led by Ashtead Group PLC and National Grid Partners. The total amount raised by the company amounts to USD 94.7 mn, with a current valuation of USD 700.00 mn.Viridi Parente, Inc. specializes in innovative green technology solutions designed to enhance efficiency and sustainability across various industries. Their core product offerings include advanced machinery and systems that facilitate waste management, recycling, and energy generation. These products address critical environmental challenges by transforming waste into reusable materials, thereby reducing landfill use and promoting circular economy principles. The company primarily serves municipalities, waste management firms, and industrial clients seeking to improve operational efficiency while meeting regulatory compliance and sustainability goals. Viridi Parente, Inc. has established a presence in North America and Europe, providing tailored solutions to clients in urban centers, industrial parks, and regions with high waste generation rates.Viridi Parente, Inc. generates revenue through a combination of direct sales, service contracts, and partnerships with municipal and industrial clients. The company operates on a B2B model, where transactions typically involve the sale of machinery and ongoing maintenance services. Clients may engage in upfront purchases of flagship products, such as their proprietary waste processing systems, followed by subscription-based maintenance and support agreements. Additionally, Viridi Parente, Inc. collaborates with distributors and wholesalers to extend its market reach, facilitating the sale of its technologies across various regions. The pricing structure may involve tiered plans based on the scale of implementation and service levels, ensuring flexibility for diverse client needs.Viridi Parente, Inc. plans to utilize the USD 94.7 mn raised in Series C funding to accelerate the commercial deployment of Fail-safe and Point-of-Use Lithium-Ion Battery Storage Technology. The company aims to expand into new markets, particularly in regions with growing demands for sustainable energy solutions, targeting Europe and Asia by 2023. Additionally, they are in the process of designing new products that will enhance their current offerings and are expected to launch within the next 18 months.

## Funding rounds

- Series C, Dec 21, 2021, $95M — Ashtead Group PLC, National Grid Partners
- Series B, Dec 11, 2019, $29M — Impact Capital, Grand Oaks Capital, Varia Ventures, Western New York Impact Investment Fund

## Investors

- Impact Capital — Series B
- Grand Oaks Capital — Series B
- Varia Ventures (https://capitalatlas.ai/funds/varia-ventures) — Series B
- Western New York Impact Investment Fund — Series B
- Ashtead Group PLC — Series C
- National Grid Partners (https://capitalatlas.ai/funds/national-grid-partners) — Series C