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Romco Raises $6.2M In Series A Equity Round And Reaches A Valuation Of $180M

Mar 02, 2022over 3 years ago

Amount Raised

$6.2 Million

Round Type

series a

London

Description

Romco, an international metals recycler producing clean and sustainable essential metals that decarbonise the global supply chain, has announced a $6.2million investment to expand its operations and immediately drive revenue growth.

Company Information

Company

Romco

Location

London, Ontario, Canada

About

The additional capital will enable upgrades to existing facilities and increase feedstock capacity for them to process into quality, truly low-carbon materials.”Romco currently operates metals recycling sites across Sub-Saharan Africa. Romco is perfectly positioned to capitalise on the growth of this market, aiming to increase Africa’s rate of recycling to 5% in the next five years by opening five more factories to produce secondary materials from all coasts of the African continent.