Sortera Technologies Closes $30.5 Million In New Funding To Fully Commercialize Its State-Of-The-Art Upcycling Facility
Amount Raised
$30.5 Million
Round Type
Funding Round
Fort WayneOtherManufacturingInvestors
Description
Sortera Technologies, Inc., an innovative material sorting company with a recycling platform powered by artificial intelligence, data analytics, and advanced sensors, today announced the close of a $30.5 million Series C funding round led by RA Capital Management-Planetary Health with participation from certain funds and accounts advised by T. Rowe Price Associates, Inc., the Mineral Resources Group, which is a part of Mitsubishi Corporation's Business Incubation Unit, and Macquarie GIG Energy Transition Solutions ("MGETS"). Additional existing investors include Assembly Ventures, Breakthrough Energy Ventures, and Chrysalix. This funding will fuel Sortera's growth as a major player in the domestic upcycling space
Quick answer
Sortera Alloys raised $30.5 Million in a Funding Round round, dated August 30, 2023. Investors: Chrysalix, Breakthrough Energy Ventures, Assembly Ventures, Macquarie GIG Energy Transition Solutions, T. Rowe Price Associates, Mineral Resources Group and RA Capital Management Planetary Health. Sortera Alloys is based in Fort Wayne, Indiana, United States.
- How much did Sortera Alloys raise?
- Sortera Alloys raised $30.5 Million in a Funding Round round on August 30, 2023.
- Who invested in Sortera Alloys?
- Chrysalix, Breakthrough Energy Ventures, Assembly Ventures, Macquarie GIG Energy Transition Solutions, T. Rowe Price Associates, Mineral Resources Group and RA Capital Management Planetary Health are named as investors in this round.
- What does Sortera Alloys do?
- Sortera Technologies, Inc. brings state-of-the-art artificial intelligence data analytics to the recycling industry.
- Where is Sortera Alloys based and how big is it?
- Sortera Alloys is based in Fort Wayne, Indiana, United States. Fundz records about 50 employees.
- Who are the decision-makers at Sortera Alloys?
- Fundz holds 1 contact at Sortera Alloys, including the Executive Officer, Director. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Manufacturing around the same time
Companies in the same sectors as Sortera Alloys that raised within 45 days of this round, from Fundz verified event records.
- RAYVA raised $100K (Pre-Seed) on October 13, 2023.
- Cymat Technologies Ltd raised $1.2M (Seed) on October 13, 2023.
- Skeleton Technologies raised $114M (Funding Round) on October 13, 2023.
- Mojo Vision raised $44M (Series A) on October 12, 2023.
- OCOchem raised $4.6M (Seed) on October 12, 2023.
- SHINE raised $70M (Funding Round) on October 11, 2023.
Who to call at Sortera Alloys, and when
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