What is PEGEX?
PEGEX operates a sophisticated cloud-based platform designed to streamline the management, transportation, tracking, and disposal of hazardous waste. The PEGEX PLATFORM offers a suite of productivity modules that enhance operational efficiency and ensure compliance at every stage of the waste lifecycle. By leveraging extensive industry-specific rules and data, the platform empowers real-time business and operating decisions, addressing complex challenges within the waste management sector. The company's focus on safety and efficiency positions it as a key player in a highly regulated industry.
How much funding has PEGEX raised?
PEGEX has raised a total of $13M across 4 funding rounds:
Series A
$4.5M
Series B
$8M
Debt
$350K
Debt
$173K
Series A (2016): $4.5M with participation from WISC Partners and Capital Midwest Fund
Series B (2018): $8M, investors not publicly disclosed
Debt (2020): $350K supported by PPP
Debt (2021): $173K featuring PPP
Key Investors in PEGEX
WISC Partners
WISC Partners is an investment firm focused on providing strategic operating capital to entrepreneurs capable of addressing significant challenges. They offer expansion and acceleration capital, emphasizing a high level of post-investment engagement to support their portfolio companies.
Capital Midwest Fund
Capital Midwest Fund (CMF) invests in revenue-stage companies in the Central United States that provide technology solutions, including software, services, and products, primarily targeting industrial, manufacturing, and enterprise customers.
PPP
Public-Private Partnership
What's next for PEGEX?
With the infusion of $173K in a major strategic investment, PEGEX is poised for accelerated expansion and enhanced service delivery. This capital injection, part of its overall $13M in backing, will likely fuel further development of its advanced cloud-based solutions and broaden its market reach. The company's trajectory suggests a focus on scaling its operations, deepening its technological capabilities, and potentially exploring new verticals within the environmental services industry. Strategic partnerships and continued innovation will be key as PEGEX solidifies its position as a leader in waste management technology.
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