Waste Labs, a Singapore-based startup that developed an Artificial Intelligence platform to digitize, plan, and improve waste collection processes, and enable manufacturers to increase the supply of goods produced from recycled materials, announced the closing of its $500,000 pre-seed funding round.
The pre-Seed round was from a group of investors, including the UK-based talent investor Entrepreneur First, a Singapore venture capital firm Fund4SE, and a group of strategic angel investors.
Company: Waste Labs Pte. Ltd.
Raised: $500.0k
Round: pre-Seed
Funding Month: October 2021
Lead Investors:
Additional Investors: Entrepreneur First, Fund4SE, and a group of strategic angel investors
Company Website: https://www.wastelabs.co/
Software Category: Waste Management>AI
About the Company: Waste Labs is a Singapore-based Artificial Intelligence company that helps to optimize waste collection and enable recycling and circular supply chains. Waste Labs’ AI platform provides cities and waste managers with data-driven insights and prescriptive recommendations to map out waste flows and to design and operate efficient, sustainable, and scalable waste collection systems anywhere in the world. Waste Labs serves leading waste management companies and sustainable producers in Singapore, Hong Kong, Australia, and the UK.
Source: https://www.recyclingproductnews.com/article/37537/waste-labs-ai-platform-designed-to-accelerate-the-transition-to-a-circular-economy