Enevo

Enevo
Privately held company
Industry Waste and Recycling Services, Waste Management, IoT, waste technology as a service, circular economy, Information Technology & Services
Founded 2010 [1]
Headquarters Boston, MA, Nottingham, UK, Espoo, Finland [1]
Key people
 Fredrik Kekäläinen, CEO,[2]; Johan Engström, Director of Product Management; Mika Uusitalo, CFO; Christy Hurlburt, VP of Marketing; Geoff Aardsma, VP of Client Services; Brian Pompeo, VP of Sales; Tony Genovese, VP of Operations
Number of employees
 32 (2017)
Website www.enevo.com

Enevo is a provider of waste and recycling services. Enevo works with restaurant, retail, multifamily and commercial property clients in North America and the U.K. Enevo manages client's billing and invoicing, haulers and recycling programs across multiple sites. By collecting waste data using wireless sensors, Enevo can measure and forecast fill-levels in waste containers in order find where waste management operations can be further streamlined and costs reduced. Additional benefits include reduction of missed collections, overflowing container prevention, reduction in waste generation and increase in recycling.

In Europe and the U.K., Enevo’s waste analytics solution allows cities and local authorities to track their waste generation and get detailed information on how much is being diverted from the landfill by recycling. Just over half a dozen cities are using Enevo's proprietary routing software to drive routes based on the fullness levels of containers.

Enevo was founded in 2010 by Fredrik Kekäläinen and Johan Engström.

Along with the two founders, Enevo's Executive team consists of Mika Uusitalo, Christy Hurlburt, Brian Pompeo, Tony Genovese and Geoff Aardsma.

Company history

In April 2013 Enevo raised €2 million ($2.6 million) in funding from Finnish Industry Investment and Lifeline Ventures to fuel international growth.[3]

In November 2013 the company announced it had signed service contracts with waste management companies in Finland,[4] Norway and Denmark.[5]

In August 2014 the company announced that it had raised $8 million from Earlybird, Lifeline Ventures, Finnish Industry Investment, Draper Associates and Risto Siilasmaa, among others. The funding will be used to grow and bring the sensor-based waste collection system to global markets.[6]

In April 2016 Norway's leading waste management firm BIR chose the Enevo solution for monitoring recycling points for glass. [7]

In 2016 Enevo received funding for the SmartWASTE project from the European Union’s Horizon 2020 research and innovation programme.

In August 2016 Enevo received a €15m loan from the European Investment Bank [8]

In September 2016 UK waste bin manufacturer Glasdon partnered with Enevo to add smart waste management technology to street litter bins [9]

In November 2016 Enevo announced it had partnered with Buffalo based Hearts for the Homeless and significantly increased their collection efficiency for textiles [10]

In September 2017 Enevo announced it had raised an additional $12M from international investors, led by Lifeline Ventures to expand into waste and recycling services in the North American market. [11]

References

  1. 1 2 "Enevo Oy, Yrityshaku". taloussanomat.fi. Retrieved Jan 7, 2014.
  2. ↑ "Enevo - Contact". enevo.com. Retrieved Jan 7, 2014.
  3. ↑ "Garbage in, data out: Enevo gets funding for its smart waste services". gigaom.com. Retrieved Jan 7, 2014.
  4. ↑ "Enevo announces new deals with Finnish municipal waste management companies". enevo.com. Archived from the original on 2014-01-07. Retrieved Jan 7, 2014.
  5. ↑ "Enevo announces new deals in Norway and Denmark". enevo.com. Archived from the original on 2014-01-07. Retrieved Jan 7, 2014.
  6. ↑ "Enevo closes $8 million in funding". Enevo. Archived from the original on 6 November 2014. Retrieved 6 November 2014.
  7. ↑ "Norway's BIR chooses Enevo's waste management optimization solution". enevo.com. Retrieved Dec 5, 2016.
  8. ↑ "Enevo receives a €15m loan from the European Investment Bank". enevo.com. Retrieved Dec 5, 2016.
  9. ↑ "Glasdon® partners with Enevo® to add smart waste management technology to street litter bins". enevo.com. Retrieved Dec 5, 2016.
  10. ↑ "Hearts for the Homeless transform collection efficiency with Enevo". enevo.com. Retrieved Dec 5, 2016.
  11. ↑ "Enevo Secures $12M in Funding to Accelerate Expansion into Waste Services". prnewswire.com. Retrieved September 28, 2017.
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