RoadRunner Recycling

RoadRunner Recycling helps predict recycling plans for businesses (such as hotels, mills, warehouses) by using algorithms and Artificial Intelligence (AI). While helping them recycle their waste, the company also offers scheduled and one-off waste pickup services for businesses in the US.

The company claims that the usage of its services has on average allowed a 16% saving in waste and recycling expenditures for customers and increased diversion from landfills by threefold.

The company operates a shared-savings business model, where it generates revenue based on the level of the customer’s savings. As of October 2022, the company has diverted over 300,000 tons of material from disposal across 12,000 accounts, saving customers nearly USD 50 million on waste and recycling services.

In October 2022, RoadRunner acquired Compology, the world's largest waste and recycling smart metering technology company.

Key customers and partnerships

RoadRunner Recycling partnered with Avery Dennison (a label and packaging materials company) in September 2020 to launch a scalable matrix recycling program to help Avery’s label converters achieve their zero-waste-to-landfill goals. Some of the company’s key customers are Boxer Property, Forman Mills, and the PM Hotel Group. 

Funding and financials 

In its latest funding round in November 2022, the company raised USD 20 million funding in its extended Series D round led by Fifth Wall. The funds were expected to support growth of the company's core business, expansion of enterprise offerings, and strengthening the investments in technology, thus improving sustainability in the real estate sector.