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Funding
Samsara Eco raises AUD 100 million in Series A extension round to expand recycling capabilities
Waste Recovery & Management Tech
Jun 27, 2024
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Waste Recovery & Management Tech

Waste Recovery & Management Tech

Jun 27, 2024

Samsara Eco raises AUD 100 million in Series A extension round to expand recycling capabilities

Funding

  • Samsara Eco, a plastic recycling startup, has successfully raised AUD 100 million (~USD 66.7 million) in a Series A extension round led by Temasek and Main Sequence. Wollemi Capital, lululemon, Hitachi Ventures, Titanium Ventures (previously Telstra Ventures), and DCVC participated in the investment.

  • The newly acquired funds will be utilized by Samsara Eco to expand its enzymatic recycling capabilities. The short-term plans include developing South-East Asian commercial facilities within the forthcoming years.

  • Analyst QuickTake: In November 2022 , Samsara Eco raised ~USD 34.7 million via a Series A round to support the construction of its commercial recycling facility in Melbourne. The company also launched a new R&D facility in New South Wales in September 2023 .

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