Enevo Receives $16.8M from European Investment Bank

Aug 24 2016

Finish based smart waste management provider Enevo has received €15M from EIB’s European Union (EU) Finance for Innovators (InnovFin) program (backed by the Horizon 2020 program).

"The funding will accelerate Enevo’s R&D efforts in big data analytics for the waste industry, including providing operational insights, automated route planning and smart wireless sensors for collecting data from waste containers."

More Details


+ Founded in 2010 the company has raised over €26M in private equity funding to date (Including a $15.8M Venture round in June)

+ Enevo had received a €2.3M grant from the Horizon 2020 SME funding program

+ Bin sensor technology: http://www.enevo.com/technology/

Additional Coverage

- http://arcticstartup.com/article/european-investment-bank-invested-e60m-finnish-startups/

- http://www.recyclingtodayglobal.com/article/enevo-receives-loan-from-european-investment-bank/

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