Enevo Receives $12M in Funding for Expansion into Waste, Recycling Services

Enevo has announced its expansion into waste and recycling services. Building upon its dumpster sensor technology and waste analytics business, Enevo now offers full management of waste services for both new and current restaurant, retail and commercial property customers.

Enevo received $12M in its latest funding round, led by Lifeline Ventures and existing international investors, accelerating the introduction of waste services in North America and key European regions earlier this year.

“Enevo started as a sensor company providing data from dumpsters. We soon learned that was only half of our story,” said Fredrik Kekalainen, founder and CEO of Enevo, in a statement. “What our customers need isn’t more data or new technology to manage. The true value we offer is the peace of mind that comes with Enevo as their single point of contact for waste services.”

Using proprietary analytics software, Enevo account managers monitor around-the-clock sensor data to manage alerts, compare dumpster pickups against collection schedules and work with haulers to adjust service levels to meet needs.

In onboarding new customers, Enevo found that about nine percent of scheduled waste collections are missed without their knowledge, and 21 percent of sites need service levels adjusted. Within the first 90 days of working with Enevo, these numbers improve.

“Our customers and hauler partners no longer rely on assumptions to predict waste needs,” said Kekalainen in a statement. “Enevo is uniquely positioned to handle all waste operations for our customers. We work with hauler partners to make data-driven, site-specific changes, resulting in simplified, less expensive waste management for restaurant, retail and commercial property operators.”