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CheckSammy Secures USD $50M to Revolutionize Waste Diversion

January 24, 2024 by Robert Lewis Leave a Comment

Did you know that Surrey’s CheckSammy is the world’s largest bulk waste and sustainability operator?

Today the circular waste management service provider announced a USD $50 million strategic investment that will allow them to scale their business and help more companies achieve and verify their waste diversion goals.

CheckSammy provides on-demand, same-day bulk waste removal and bespoke sustainability services, with revenue growing 40x since first commercializing in 2020.

The company operates a two-sided marketplace, connecting independent waste haulers and service providers with enterprise customers. The marketplace model enables seamless national contracting and best-in-class service coverage across North America, at a highly competitive price point, delivering meaningful value to end customers.

In addition, the funding will support the launch of Veridiant, CheckSammy’s sustainability software platform that provides detailed diversion analytics, carbon inset and offset capabilities, a materials marketplace, and integrates with customers’ existing ESG technology stack.

Together, CheckSammy and Veridiant provide a solution to strategically manage, analyze, and optimize ESG metrics, enabling true Sustainability-as-a-Service to CheckSammy clients.

“The continued support of our work allows us to accelerate our mission to build waste diversion technology and data aggregation,” said Sam Scoten, CEO and Founder of CheckSammy. “We look forward to expanding our role as enablers of the circular economy by providing new tools to strategically optimize our clients’ ESG scores and diversion efforts.”

The growth equity round was led by I Squared Capital with participation from Zero Infinity Partners. In addition, CheckSammy has entered into a growth capital and revolving credit facility with TriplePoint Capital.

This is Zero Infinity Partners’ second investment in CheckSammy, reaffirming their belief in the company’s mission and commercial success.

Filed Under: News Tagged With: CheckSammy

 

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