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Samsara Eco

Waste Recovery & Management Tech
Product stageSegments
Seed
?
Recycled Plastic
?

Based in Australia, Samsara Eco uses an enzyme-based biocatalyst technology to recycle plastic by breaking it down into molecular building blocks to produce new plastic products, which can be repeated infinitely. 

As of March 2024, the company operates a research laboratory in Queanbeyan, regional New South Wales (NSW), which will scale up Samsara’s patented technology  and is expected to be operational by the end of 2024, recycling 20,000 tons of plastic. The company aims to recycle 1.5 million tons of plastic per annum by 2030.

Key customers and partnerships

In February 2024, Samsara Eco partnered with athletic apparel brand Lululemon to unveil a version of Lululemon's Swiftly Tech long-sleeve top made from recycled nylon 6,6.

Funding and financials

In November 2022, the company raised AUD 54 million (~USD 34.7 million) in a Series A funding round, bringing its total funding up to USD 40.5 million to support the company in building its first commercial 20,000-tonne facility in Melbourne.In October 2023, Samsara received AUD 568,491 (~USD 372,000) from the Federal Government’s Advanced Manufacturing Growth Centre’s (AMGC) Commercialisation Fund.

Waste Recovery & Management Tech

Waste Recovery & Management Tech

Key stats
Featured companies
197
Total funding (USD)
27.1 Bn
Total addressable market (USD)
129.1 Bn
Key competitors
 
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Product Overview
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Company profile
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Recent Updates

Product updates
Feb 20, 2024
Samsara Eco and Lululemon unveil long-sleeve top made from recycled nylon 6,6
Waste Recovery & Management Tech
Geographic expansion
Sep 1, 2023
Samsara unveils new R&D facility in NSW, Australia
Waste Recovery & Management Tech
Partnerships
May 18, 2023
Samsara Eco partners with Lululemon for textile recycling
Waste Recovery & Management Tech
Geographic expansion
Partnerships
Funding
Nov 2, 2022
Samsara Eco raises AUD 54 million in funding
Waste Recovery & Management Tech

Company Brief


HQ location:
Sydney AUS
Founded year:
2021
Employees:
51-100
Total Funding:
USD 40.5 million

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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