October 4, 2017

Finnish Enevo secures USD 12 million in funding

Enevo uses dumpster sensor technology and waste analytics to manage its customers' waste more efficiently.
Enevo uses dumpster sensor technology and waste analytics to manage its customers' waste more efficiently.
Screenshot/Enevo Blog

Finnish cleantech company Enevo has raised 12 million US dollars in its latest funding round. It will use the funding to accelerate expansion into waste and recycling services.

The latest funding round was led by Lifeline Ventures and existing international investors. Enevo will use the substantial funding to introduce waste services in North America, as the company has done in key European regions earlier this year.

Enevo now offers full management of waste services for restaurant, retail and commercial property customers, which builds upon Enevo’s dumpster sensor technology and waste analytics business.

“What our customers need isn’t more data or new technology to manage,” says Fredrik Kekälainen, founder and CEO of Enevo. “The true value we offer is the peace of mind that comes with Enevo as their single point of contact for waste services.”

Enevo monitors sensor data around-the-clock to manage alerts, keep track of dumpster pickups and collection schedules, and is in direct contact with haulers to adjust service levels to meet actual needs.

“We work with hauler partners to make data-driven, site-specific changes, resulting in simplified, less expensive waste management for restaurant, retail and commercial property operators,” Kekälainen explains.

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