Enevo, an Espoo, Finland-based provider of waste and recycling services, raised $12m in funding.
The round was led by Lifeline Ventures and existing international investors.
The company intends to use the funds to continue to expand its business reach.
Founded in 2010 by Fredrik Kekalainen, founder and CEO, Enevo provides comprehensive waste and recycling services by leveraging proprietary analytics software to allow 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 to meet actual needs.
Building upon its dumpster sensor technology and waste analytics business, the company now offers full management of waste services for new and current restaurant, retail and commercial property customers.