Cleanhub, a Berlin, Germany-based provider of a digital platform that enables local communities in developing countries to create large-scale collection businesses for non-recyclable plastics, closed a seed funding round of undisclosed amount.
The round was led by Lakestar and 468 Capital, joined by Übermorgen Ventures, Pirate Impact Capital, and angel investors Andreas Brenner, Marc Stöckli, Charles Songhurst, Erik Hahnloser, and Friedrich Neuman.
The startup plans to use the capital to further establish its digital solution for businesses and expand its tracking technology for larger collection volumes.
Founded in January 2020 by entrepreneurs Bosse Rothe, 29, Joel Tasche, 29, and Florin Dinga, 39, Cleanhub has developed a digital solution that scales plastic collection in high-impact countries. The platform connects sustainable brands with collection partners who collect non-recyclable plastic in coastal regions of developing countries. Using the technology, companies can collect ocean plastic for every product they sell, neutralizing their plastic emissions.
The solution has received interest from various industries internationally, including Noughty, FOAMIE, Vuori, Nordgreen, Share, OceanBrands, and even giants like Würth.
The cleantech company has partnered with more than 70 brands to date and has already recovered plastic from the environment equivalent to the weight of more than 20 million water bottles in India, Indonesia, Tanzania, and Brazil.