RoadRunner Recycling has raised $20 million in Series D extension round led by Fifth Wall. This funding will support the continued growth of RoadRunner’s core business, expand its enterprise offerings and double down on its technology investment.
In January 2022, RoadRunner completed a $70 million Series D round and acquired Compology in October. This positions RoadRunner as a comprehensive and sustainable waste management solution for businesses and governments looking to increase recycling rates, reduce costs and accurately report their environmental impact.
About 40% of the world’s carbon dioxide emissions come from the real estate sector, and as reducing emissions is a key component of global climate goals, significant changes within the real estate sector are essential. To date, RoadRunner has increased the facility’s recycling rate by a factor of 10, resulting in an associated carbon footprint reduction.
RoadRunner CEO and Founder Graham Rihn said: “Our holistic, data-driven approach to waste management brings optimization, transparency and sustainability to traditionally overlooked and forgotten parts of an organization’s supply chain. .”
In July, Fifth Wall announced the closure of its $500 million climate fund. This fund is a private fund established with the aim of decarbonizing the real estate industry. Investing in Roadrunner is a comprehensive sustainable waste and recycling initiative based on the latest technology and data as property owners and operators seek climate technologies that dramatically reduce the industry’s emissions. has proven a critical need for a solution for
RoadRunner grew 70% year over year in addition to adding funding through the Fifth Wall. This year alone, RoadRunner finished its Series D. He acquired Compology, a leading smart waste metering company. Expanded nationwide with eight new markets including Phoenix, Denver, San Diego, Portland, Kansas City, Providence, Charlotte and Nashville. Opened his second office in Phoenix, Arizona. We have more than doubled his employee count, now with a total of nearly 600 employees and counting.
