Picture credit: Sensoneo
Slovakia-based inexperienced tech scale-up Sensoneo introduced on Thursday that it has secured €6.2M in a Sequence A spherical of funding led by Taiwania Capital.
The spherical additionally sar participation from current buyers Crowdberry, EIC Fund, and Enterprise to Future Fund.
The funding was introduced in the present day in Taipei in the course of the Slovak enterprise delegation’s go to to Taiwan.
The Slovakian firm says it’ll use the funds to develop into different areas and strengthen its place on world markets.
Sensoneo: Supplier of waste administration options
Based in 2017, Sensoneo is a world supplier of modern waste administration options.
By leveraging strong software program and a data-driven method, Sensoneo helps cities, companies, and international locations optimise waste assortment processes, enhance sustainability efficiency, and create extra environment friendly and cleaner public areas.
Clients can obtain a 30-63% discount in waste assortment routes and 97% accuracy in precise waste manufacturing, claims the corporate.
Sensoneo’s sensible waste administration resolution has garnered consideration from cities and companies worldwide with installations in over 80 international locations throughout 5 continents.
The Slovakian firm is poised to contribute to the most important sensible waste set up in Europe, comprising 11,100 sensors in Madrid.
Martin Basila, CEO and Co-Founding father of Sensoneo, says, “Taiwania is an internationally recognised funding firm with a confirmed IPO monitor file and know-how. We’re delighted that, due to this funding, we are going to obtain development capital that can assist us strengthen our place as the worldwide chief within the sensible waste market.”
“Moreover, we’re planning to open a department in Taiwan this yr. This may allow us to be close to to our prospects and convey our sensible waste administration options to Asian international locations,” provides Basila.
At present, the corporate earns income from three separate divisions:
- Sensible waste assortment options that embrace the corporate’s personal sensors
- Optimisation of waste assortment logistics in factories
- Deposit refund system resolution Deposit Refund System (DRS)
Clever waste monitoring is utilized by cities resembling Buenos Aires, Reykjavik, Trieste, and Prague.
Sensoneo can be concerned within the largest sensible waste set up in Europe, which was launched this yr in Madrid.
The investor
Taiwania Capital, a Taiwan-based enterprise capital agency, focuses on Sequence A investments in world expertise corporations.
Since 2022, the government-funded $200M Central and Jap Europe Fund (CEE Fund) has invested in high-growth startups and scale-ups primarily based within the CEE area.
CEE Fund’s Managing Associate, Mitch Yang, says, “Sensoneo is a superb instance of how an organization primarily based within the CEE area can appeal to worldwide prospects and compete globally by persistently prioritising innovation.”
“As a world chief, Sensoneo holds a novel place that permits the corporate to successfully goal the quickly rising sensible waste administration market. We imagine that Sensoneo’s expertise is setting the usual in sensible waste administration, and we’re excited to be a part of the story.”
