Funding Details
- Awarder
- StartEngine
- Date Award
- January 01, 2022
- Vertical
- Recycling
- Funding URL
- View Funding Page
- Premoney Valuation
-
$25,000,000
- Valuation
-
$25,000,000
Company Info
- Founding Year
- 2022
- Traction
- The company has established a partnership with ZeLoop for Eco Rewards and is developing an in-house resin sortation system. They aim to reduce landfill or incineration of plastics by one billion pounds a year within seven years.
- Organizations Involved
- None
- Founders
- Mitch Hecht, Christopher Dow, Yannick Lord
- Company Description
- newBin is a free, on-demand gig-economy curbside recycling service that promises to reduce plastic in landfills. The newBin app aims to bring recycling into the 21st century by allowing users to schedule recycling pickups at their convenience and earn Eco Rewards for discounts at local stores. The company is founded by individuals passionate about the environment, with a senior team having extensive experience in recycling, marketing, and financing.
- Market
- Environmental Sustainability
- Location
-
Erie,
PA,
US
- Coinvestors
- None
Links