Recycle Track Systems raised $40M in a funding round led by Edison Partners to accelerate investments in its Pello sensors and other initiatives amidst a lawsuit against K1 Investment Management.

Jan 24, 2025•11 months ago

Amount Raised

$40 Million

New YorkWaste Management

Investors

Other Major StockholdersStep Stone Capital PartnersVolition CapitalEdison Partners

Description

Recycle Track Systems announced a $40 million capital round led by Edison Partners, with participation from Volition Capital, StepStone Capital Partners, and other major stockholders. The funding is crucial as RTS faces a lawsuit against its main investor, K1 Investment Management, over allegations of attempting to take control of the company.

Company Information

Company

Recycle Track Systems

Location

New York, New York, United States

About

Recycle Track Systems, Inc. combines technology with high-touch service to make waste disposal easier, smarter, and more responsible. From on-demand removal to fully integrated waste management solutions, RTS helps companies and municipalities easily track and optimize their pickups. Using data insight, RTS empowers clients with visibility into their waste habits and tangible figures on their climate impact to improve their waste and recycling practices.

Related People

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Funding Insights

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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