Enevo provides comprehensive waste and recycling services by leveraging proprietary analytics software and dumpster sensor technology. Its platform allows account managers to monitor around-the-clock sensor data to manage alerts, compare dumpster pickups against collection schedules and work with haulers to adjust service levels. Building upon its dumpster sensor technology and waste analytics business, Enevo now offers full management of waste services for restaurant, retail and commercial property customers. The company was founded in 2010 by Fredrik Kekalainen, who serves as founder and CEO. Enevo raised $12M in funding and intends to use the proceeds to continue expanding its business reach. The company is headquartered in Espoo, Finland. Enevo provides ONe, an automated waste logistics operations management solution that creates and forecasts optimal waste collection schedules and routes. The product is designed to reduce costs and improve service quality by preventing waste bin overflows and excess fleet utilization. The solution is being deployed in 35 countries and used by 145 customers. Led by founder and CEO Fredrik Kekäläinen, the company is headquartered in Espoo, Finland. Enevo reported having previously secured $10.3M in funding prior to the most recent round. The company raised an additional $15.8M in the latest funding round. Enevo offers ONE, a sensor-based service that optimizes waste collection by analyzing data from small wireless sensors placed inside waste containers and recycling sites. The sensors send data to Enevo servers to determine if containers are full and when they should be emptied, allowing trucks to pick up only full bins and saving time and money. Founder and CEO Fredrik Kekalainen says the system shifts waste collection from a static, inefficient model to a dynamic, demand-based one. Enevo reports sensors deployed in 25 countries across North America and Europe and is expanding into new markets in the Middle East and Asia. The company’s main competitor mentioned in the article is SmartBin of Ireland. The article also notes an $8 million funding round from a group of investors. Enevo develops waste management logistics optimization systems using wireless sensors and data analytics. The company provides wireless sensors that monitor waste container fill levels in real time and gathers and analyzes that data to calculate optimal collection schedules and routes for waste collection fleets. Customers include several private and municipal waste management organizations. Led by CEO and co‑founder Fredrik Kekäläinen, Enevo is based in Espoo, Finland. The company completed a €2m funding round backed by Finnish Industry Investment and Lifeline Ventures. Enevo intends to use the funds to start worldwide deliveries.

Total raised

$38M

Funding rounds

4

Latest round

Equity

Latest activity

Sep 2017