What is PEGEX?
PEGEX specializes in delivering knowledge, safety, and efficiency to the waste industry through its advanced cloud-based software. The PEGEX PLATFORM offers a suite of productivity modules designed to streamline the management, transportation, tracking, and disposal of hazardous waste, ensuring compliance at every stage. By leveraging extensive industry-specific rules and data, the platform empowers real-time business and operational decision-making, addressing complex challenges within the hazardous waste sector.
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.
What's next for PEGEX?
The recent major strategic investment indicates PEGEX is poised for accelerated scaling and further development of its innovative platform. This infusion of capital is expected to fuel enhancements in its cloud-based solutions, potentially expanding its market penetration and solidifying its role as a leader in waste industry technology. The company's focus on compliance and efficiency suggests a strategic direction towards capturing a larger share of the enterprise waste management market, possibly through further technological advancements and strategic partnerships.
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