Spare-it
SaaS platform provides a disruptive way to collect live waste data in workplaces and effectively engage employees around waste reduction.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
* | $4.0m | Early VC | |
| Total Funding | 000k | ||
| USD | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 17 % | 179 % | 23 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
Related Content
Spare-it is a sustainability-focused company that helps businesses, office owners, and universities reduce their waste footprint. Operating primarily in the corporate and educational sectors, Spare-it leverages data to quantify various types of workspace waste, including general waste, energy, water, and travel. The company fosters a culture of sustainability by engaging employees and students in waste reduction initiatives. Its business model revolves around providing data-driven insights and tools that empower organizations to make informed decisions about waste management. Spare-it generates revenue through subscription-based services and consulting fees, offering clients live data access, employee engagement programs, and waste reduction strategies. By reducing overall waste and improving recycling and composting quality, Spare-it helps organizations cut waste management costs by up to 30%. The company primarily targets Millennials and Gen Z employees who are highly motivated to participate in sustainability efforts.
Keywords: sustainability, waste reduction, data-driven, employee engagement, corporate sector, educational sector, waste management, recycling, composting, cost-saving.