NSE Industry, an Empoli, Italy-based waste recycling company, has received a €2.4m venture capital financing.
The round was led by 360° Capital Partners (http://www.360capitalpartners.com), which committed €1,5m, with participation from S.I.C.I., via the fund “Toscana Innovazione” (http://www.fondisici.it), which committed €0,5m, and other undisclosed investors. They will take a minority stake in the company.
NSE intends to builds small facilities, which wll be installed directly in the industrial sites where waste is generated, allowing companies to reduce waste management costs.
The new capital will be used to build the company’s first facility, requested by a private client.