What is CheckSammy?
CheckSammy is revolutionizing waste management by addressing the significant issue of textile, shoe, and accessory overflow into landfills. Through its CS Cities program, the company partners with major metropolitan areas to implement a four-pronged strategy. This includes public education initiatives, the establishment of strategically located distribution centers supported by a dedicated fleet of drivers, the deployment of proprietary software for real-time data capture and reporting, and close collaboration with city officials to develop novel, efficient solutions for reducing the collective carbon footprint. CheckSammy positions itself as the premier, next-generation solution for cities committed to measurable sustainability best practices in handling discarded household goods.
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 Zero Infinity Partners, FirePower Capital, and PaceZero Capital Partners
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 substantial enterprise-level funding and recent strategic investment signal a robust growth trajectory for CheckSammy. This capital infusion is expected to accelerate the expansion of its CS Cities program, enabling broader adoption across more municipalities. Further investment will likely focus on enhancing its proprietary software for deeper analytics and operational efficiency, as well as scaling its logistics network. CheckSammy appears poised to solidify its market leadership in sustainable waste diversion, driving innovation in circular economy solutions for urban environments.
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