RoadRunner Recycling, a Pittsburgh PA-based sustainable waste management company, raised $70M in Series D funding.
The round, which brings total funding to date to $129.5m, was led by BeyondNetZero and General Atlantic.
The company intends to use the funds to further develop its machine-learning and marketplace technology, grow its enterprise business offering, drive national expansion, and support operations in 40+ U.S. cities.
Led by Graham Rihn, CEO & founder, RoadRunner provides customized and sustainable materials management solutions, supported by technology and engineered to serve thousands of commercial businesses from more than 20 industries across the country.
The technology platform accurately predicts what volumes of different materials are generated by different industries, and what containers will most efficiently organize these waste and recycling streams. This enables RoadRunner to offer a customized plan that helps streamline waste and recycling operations across a portfolio, improving recycling rates and making sustainability goals measurable and achievable, all while reducing costs and improving service.