Global circular product solutions manufacturer ChopValue this week announced a $4 million investment from InBC Investment.
InBC is a strategic investment fund created by the Province of British Columbia aimed at driving financial returns alongside positive impact.
“ChopValue is a pioneer in the circular economy, transforming waste into value-added products,” stated Leah Nguyen, who serves as Chief Investment Officer of InBC.
“We at InBC are excited to support ChopValue, as our investment will help them scale their positive impact locally and globally, create sustainable jobs in B.C., and set a new standard of responsible manufacturing.”
The government capital builds on private fundraising from last year.
ChopValue is a member of the BC Tech Association.
BC Tech is the largest member-led technology non-profit in British Columbia, and we’re dedicated to turning startups and scaleups into the anchor companies of tomorrow. Our work supports members to grow and diversify their talent pool, acquire new customers, access capital and accelerate their scaleup journey. Technology is a key industry for BC’s future and builds resiliency in every industry. Today, every company is a tech company. Join now
ChopValue will leverage InBC’s investment to make strategic key hires on their Business Development and Design teams, according to statement from the firm, as well as accelerate the development and implementation of their solutions to solidify a leadership position within Canada’s circular manufacturing sector.
“InBC’s investment is not only a testament of what we’ve built to date, but a powerful catalyst for our efforts and strategy to build a more responsible future,” stated said Felix Böck, founder of ChopValue.
“It’s exciting to lead the way in rethinking our resources from a province that deeply values its environment,” the chief executive officer added. “We recognize the immense responsibility that comes with this leadership and are committed to making a meaningful impact.”
Founded in 2016, ChopValue’s urban harvesting approach has diverted over 170 million chopsticks from the landfill.
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