Tech Company Financing Transactions
Wastefront Funding Round
Wastefront closed a $43 million funding round on 7/13/2023. Investors included VTTI.
Transaction Overview
Company Name
Announced On
7/13/2023
Transaction Type
Venture Equity
Amount
$43,000,000
Round
Undisclosed
Investors
VTTI (Lead Investor)
Proceeds Purpose
VTTI's investment will advance the building of the first phase of the Wastefront plant in Sunderland in the North of England.
Company Information
Company Status
Private & Independent
Industry
Entertainment
Mailing Address
Henrik Ibsens Gate 60B
Oslo, 0255
NO
Oslo, 0255
NO
Phone
Undisclosed
Website
Email Address
Overview
Wastefront is a rubber waste recycling company on a mission to stop unsustainable handling of end-of-life-tyres, an underreported but major cause of pollution. Founded in Oslo in 2019, Wastefront is a rubber waste recycling company which converts disused tyres into useful commodities, including liquid hydrocarbons and carbon black, which can then be reutilised in processes such as alternative fuel manufacturing or ground rubber production. Through a combination of proven technology and our own proprietary processes, we aim to reduce the negative environmental impact associated with ELT (end-of-life-tyre) waste, while delivering an economically attractive solution to strategic partners.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Vianney Valès
Chief Financial Officer
Vegard Bringsjord
Chief Operating Officer
Inge Berge
Chief Technical Officer
Henrik Selstam
Co-Founder
Christian Hvamstad
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Our team works diligently to report on every notable VC transaction. VC investment data records reported here are derived from company press releases and news coverage. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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