Safi is a waste-processing company focused on improving recycling efficiency and reducing unnecessary use of virgin materials. The company supports waste-processing facilities by enabling the sale of verified recycled materials. Its offering centers on increasing recycling efficiency and preventing unnecessary extraction of raw materials. Safi recently completed a $19.5 million Series A financing. Investors in the round include Lowercarbon Capital, Transition Venture Capital, Nosara Capital and individual investors. The fundraising was reported on November 27, 2023. TrueCircle is an AI company that deploys computer vision systems into recycling facilities to help them operate more efficiently and profitably. Its vision systems can be retrofitted in under an hour and provide live data enabling facilities to understand material streams. Facilities integrate this data into operations and existing machinery to optimize processes and recover higher quantities of valuable plastic and paper. TrueCircle's technology has been deployed into eight of the UK's largest recycling facilities, including material recovery facilities, plastic reprocessors, and paper mills. In March 2022 the company secured $5.5M in a pre-seed funding round led by Lowercarbon Capital with participation from Passion Capital, Giant Ventures, firstminute Capital and founders from Revolut, Monzo, Infarm and Unity. Expansion into European and US markets is imminent, with customers in those regions due to go live in Q2.

Total raised

$25M

Funding rounds

2

Latest round

Series A

Latest activity

Nov 2023