Total amount raised
$107 Million
Latest funding date
06/01/2024
Location
Samsara Eco is dedicated to creating a sustainable loop for plastics and textiles, allowing these materials to be infinitely recycled. The company is making strides in the recycling industry, focusing on innovative solutions for environmental sustainability.
Keep reading to explore the intricacies of Samsara Eco's fundraising journey and the investors backing this innovative platform.
What Is Samsara Eco?
Samsara Eco operates in the recycling and sustainability industry, focusing on the infinite recycling of plastics and textiles. The company aims to create sustainable solutions and significantly reduce environmental waste.
While specific details such as the founding year, location, founder names, and employee count are not available, Samsara Eco's mission is clear: to promote sustainability through innovative recycling technologies.
How Much Funding Has Samsara Eco Raised?
- Seed Round
- Amount Raised: USD 6,000,000
- Date: March 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their recycling technology and establish initial operations.
- Series A Round
- Amount Raised: AUD 54,000,000
- Date: November 2022
- Lead Investors: Main Sequence Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the company's enzymatic recycling capabilities and expand operations.
- Corporate Round
- Amount Raised: Not publicly disclosed
- Date: May 2023
- Lead Investors: Lululemon
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the launch of a product made from enzymatically recycled polyester.
- Series A+ Round
- Amount Raised: AUD 100,000,000
- Date: June 2024
- Lead Investors: Main Sequence Ventures, Temasek Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build new commercial facilities in Southeast Asia, scale up the global team, and increase the library of plastic-eating enzymes.
Total Amount Raised: USD 160,000,000
Current Valuation: Not publicly disclosed
Key Investors
- Temasek
- Details: Temasek is a global investment company headquartered in Singapore. It has a diverse portfolio across various sectors.
- Investment Focus Areas: Technology, sustainability, innovation
- Notable Investments: Alibaba, DBS Bank, Singapore Airlines
- Main Sequence Ventures
- Details: Main Sequence Ventures is an Australian venture capital firm. It focuses on deep tech and scientific innovation.
- Investment Focus Areas: Deep tech, scientific innovation
- Notable Investments: Not publicly disclosed
- Lululemon
- Details: Lululemon is a multinational athletic apparel retailer. The company is interested in sustainable and innovative technologies.
- Investment Focus Areas: Sustainability, innovation in textiles
- Notable Investments: Not publicly disclosed
- Hitachi Ventures
- Details: Hitachi Ventures is the corporate venture capital arm of Hitachi, Ltd. It invests in innovative startups that align with Hitachi’s business areas.
- Investment Focus Areas: Technology, innovation
- Notable Investments: Not publicly disclosed
- DCVC
- Details: DCVC is a US venture capital group. It focuses on deep tech and transformative technologies.
- Investment Focus Areas: Deep tech, transformative technologies
- Notable Investments: Not publicly disclosed
What's Next for Samsara Eco?
As Samsara Eco looks to the future, the opportunities are vast. The company is poised to expand its enzymatic recycling technology to new markets, particularly in Southeast Asia, where the construction of new commercial facilities is underway. This expansion will allow Samsara Eco to recycle millions of tonnes of plastic waste, significantly contributing to global sustainability efforts.
Future fundraising opportunities are likely as the company scales its operations and technology. With a growing interest in sustainable solutions, Samsara Eco could attract further investments from venture capital groups and strategic partners. However, challenges such as competition, regulatory hurdles, and the need for significant capital investment to scale operations may arise. Despite these obstacles, the company's innovative approach and strong investor backing position it well for continued growth and success.
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