What is Itero?
Itero Technologies is a London-based clean tech firm dedicated to establishing a circular economy for plastics. Leveraging patented chemical recycling technology, Itero transforms plastic waste, diverting it from landfills and incineration, into valuable feedstock for new plastic production. This process not only boosts recycling rates but also diminishes the industry's dependence on crude oil. The company is currently optimizing its proprietary technology at its West London Pilot Plant and is planning an industrial-scale demonstration facility at the Brightlands Chemelot campus.
How much funding has Itero raised?
Itero has raised a total of $6.1M across 1 funding round:
Unspecified
$6.1M
Unspecified (2022): $6.1M with participation from Infinity Battery Recycling
Key Investors in Itero
Infinity Battery Recycling
Infinity Battery Recycling is a UK-based entity operating within the Electricity, Oil & Gas sector, suggesting a potential interest in advanced material processing and recycling technologies relevant to Itero's circular economy model.
What's next for Itero?
With this major enterprise-level funding and strategic investment, Itero is poised for significant scaling. The capital infusion will likely accelerate the development and deployment of its industrial-scale demonstration facility, a critical step towards commercialization. This move signals strong investor confidence in Itero's technology and its potential to disrupt the plastics industry by offering a sustainable, circular solution. Future growth will likely focus on expanding operational capacity and forging strategic partnerships to increase the adoption of its recycling processes.
See full Itero company page
