RoadRunner Recycling, a Pennsylvania-based provider of recycling plans powered by algorithms and AI, secured a USD 20 million Series D extension from Fifth Wall, a venture capital firm focused on technology solutions for the Built World.

The funding will be used to ensure the 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, which contributes to 40% of the carbon dioxide emissions in the world.

Analyst QuickTake: This funding follows a USD 70 million funding round in January 2022 , led by BeyondNetZero, to drive national expansion and accelerate growth. RoadRunner’s recent acquisition of Compology, the world's largest waste and recycling smart metering technology company, in October 2022 , positioned the company at the top of the comprehensive sustainable waste management sector.