Trash Warrior, a San Francisco-based tech-enabled full-service waste management platform, has secured $8 million in a pre-A investment round led by AltaIR Capital.
Other participating investors include Amino Capital, Operator Partners, Vermilion Ventures, Hyphen Capital, Primavera Capital, Sand Hill Angels, Lombard Street Ventures, and 500 Startups.
The US startup graduated from the Spring 2020 batch of 500 Startups. The company will use the funds to improve technology, hire talents, and strengthen sales and marketing.
Lily Shen, founder and CEO, “Our main plans are to obtain more enterprise B2B customers and deepen product features focusing on sustainability and data transparency features. With the new funding round, we hope to build and utilize a very detailed database on waste diversion for each waste stream and every zip code in the US.”
B2B waste management
After booking a waste management request, any business can resolve its waste headaches in hours rather than days. The platform eliminates the need for calls, layers of brokers, back and forth negotiations and covers waste needs.
The data-driven startup offers clients upfront and competitive pricing. Further, with each new job completed, the company learns more about pricing and waste diversion solutions, enabling it to improve its offering.
The company’s mission is to boost the US national recycling rate from 35% to 75%.
The company offers waste removal and dumpster rental services to all B2B customers, with the possibility of highly customised enterprise solutions for nationwide clients.
Growing 8x YoY
The company achieved $10M in annualised GMV earlier this year and has had a high LTV since launching. Since its launch, the company’s GMV has been growing 8x year-over-year. Among clients are well-known companies such as Amazon, Instacart, Imperfect Foods, Weee!, Tuft & Needle, Holiday Inn, Hyatt, Hilton, and others.
AltaIR Capital is an international investment company, invested in more than 300 tech companies and is active in Future of Work, FinTech, InsureTech, and Digital Health.
Igor Ryabenkiy, CEO and GP of AltaIR Capital, comments, “Although the US waste management market is constantly growing. It continues to use mostly traditional tools and methods. Trash Warrior invented an innovative approach to solving market problems, thus ensuring the company’s rapid growth.”