A women-led waste management platform in California has raised $8 million to develop an innovative approach to US corporate waste issues

SAN FRANCISCO, October 5, 2022 /PRNewswire/ — trash warriorfounded by its CEO Lily Shen and the only full-service waste management technology platform in the United States, secure $8 million in a pre-A investment round led by Altair Capital.

A women-led waste management platform raised $8 million

Amino Capital, Operator partners, Vermilion Enterprisesand Hyphen Capital also participated in the round, as did previous investors Primavera Capital, Sand Hill AngelsLombard Street Ventures and 500 startups. Trash Warrior graduated from the Spring 2020 batch of 500 Startups.

Trash Warrior offers a whole new business approach to B2B waste management in the US market. After registering a waste management request on trashwarrior.com, any business can solve their headaches in hours rather than days. This national, on-demand, high-volume platform puts technology-based waste management at customers’ fingertips. It eliminates the need for calls, layers of brokers, back and forth negotiations, and covers all sorts of wasteful needs. Trash Warrior’s mission is to increase the US national recycling rate from 35% to 75%, making the United States cleaner and greener.

Igor RyabenkiyCEO and GP of AltaIR Capital commented : “Although the US waste management market is growing steadily, it continues to primarily use traditional tools and methods. Trash Warrior has invented an innovative approach to solving market problems, ensuring the company its rapid growth.

Trash Warrior is a managed platform that offers trash removal and dumpster rental services to all B2B customers, with the possibility of highly customized enterprise solutions for customers nationwide. Much like Uber, Trash Warrior’s two-sided marketplace matches customer needs with the waste providers best positioned to meet them, taking into account availability, sustainability requirements, and price.

The company plans to use its new funds to improve technology, hire top talent, and strengthen sales and marketing. Lily Shen: “Our main plans are to get more enterprise B2B customers and deepen product functionality with a focus on sustainability and data transparency features. With the new funding round, we hope to build and use a very detailed waste diversion database, for every waste stream and every zip code in the United States”

The company has made $10M in annualized GMV earlier this year and has had a high LTV since launch. Since launching in Q4 2019, the company’s GMV has increased 8x year-over-year. Clients include well-known companies such as Amazon, Instacart, Imperfect Foods, Weee!, Tuft & Needle, Holiday Inn, Hyatt, Hilton and others.

Founded in San Francisco three years ago, the innovative company now offers corporate clients a complete waste management service across the United States. The data-driven startup offers its customers upfront and competitive pricing. With each new job completed, Trash Warrior learns more about pricing and waste diversion solutions from the vast vendor market, allowing it to further improve its offering for subsequent jobs.

About Altair Capital

Altair Capital is an international investment company founded by Igor Ryabenkiy. The company has invested in over 300 technology companies and is active in Future of Work, FinTech, InsureTech and Digital Health. The company is the second most active venture capital firm in Israel (PitchBook, 2022).

Contact:
Daniya Shumilkina
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[email protected]

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SOURCEAltAIR Capital