What is CheckSammy?
CheckSammy is revolutionizing waste management with its CS Cities program, designed to tackle the overflow of textiles, shoes, and accessories destined for landfills. The company employs a four-pronged strategy: educating homeowners, establishing strategically placed distribution centers with a dedicated fleet of drivers, utilizing proprietary software for real-time data capture and reporting, and fostering collaboration with city officials to develop novel solutions for reducing the carbon footprint. This comprehensive approach positions CheckSammy as a premier solution for municipalities aiming to decrease textile and household goods waste.
How much funding has CheckSammy raised?
CheckSammy has raised a total of $60M across 2 funding rounds:
Other Financing Round
$15M
Private Equity
$45M
Other Financing Round (2022): $15M with participation from PaceZero Capital Partners, Zero Infinity Partners, and FirePower Capital
Private Equity (2024): $45M led by I Squared Capital and TriplePoint Capital
Key Investors in CheckSammy
I Squared Capital
Founded in 2012 and headquartered in Miami, Florida, I Squared Capital is a private equity firm focusing on global infrastructure investments. The company invests in energy, utilities, transport and telecom projects in North America, Europe and select high growth economies, such as India and China.
TriplePoint Capital
TriplePoint Capital is a global leader in venture finance, providing debt and equity financing solutions to venture capital-backed companies at every stage of development. Since its inception in 2006, the company has committed over $10 billion to more than 1,000 companies worldwide. They focus on partnering with innovative entrepreneurs and high-growth companies, offering flexible transaction structuring and unparalleled customer service. Their unique platform combines diverse sources of capital, enabling them to meet the evolving needs of their clients effectively.
FirePower Capital
FirePower Capital is a pioneering firm in Canada that combines a seasoned M&A advisory team with a private capital team to support midmarket entrepreneurs. They offer a comprehensive range of M&A services, including sell-side, buy-side, and private debt solutions, tailored to the unique needs of each business. Their approach emphasizes thoughtful advice, market insights, and technology-driven processes to ensure favorable outcomes for clients. Additionally, they invest directly in companies through debt or equity to facilitate growth and expansion.
What's next for CheckSammy?
The recent major strategic investment signifies a pivotal moment for CheckSammy, likely enabling the company to scale its operations, expand its CS Cities program to more municipalities, and further develop its proprietary technology. This capital will be instrumental in solidifying its market leadership in sustainable waste reduction and driving broader adoption of circular economy principles within urban environments. The company is poised for accelerated growth and enhanced impact in its mission to divert waste from landfills.
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