What is Pyrowave?
Founded in 2014 and headquartered in Oakville, Ontario, Pyrowave employs a distinctive technology designed to break down post-consumer plastics into intermediate products. These products can then be utilized to create plastics that are comparable to virgin plastics, thereby restoring value to discarded materials. The company's innovative approach addresses critical environmental concerns by offering a sustainable solution for plastic waste management and contributing to a circular economy.
How much funding has Pyrowave raised?
Pyrowave has raised a total of $6M across 6 funding rounds:
Unspecified
$790K
Grant
$1M
Grant
$50K
Grant
$768K
Grant
$20K
Grant
$3.3M
Unspecified (2015): $790K, investors not publicly disclosed
Grant (2016): $1M led by Innovation, Science and Economic Development Canada
Grant (2017): $50K supported by Foam Recycling Coalition
Grant (2018): $768K featuring Export Development Canada and Ecofuel
Grant (2019): $20K backed by BASF
Grant (2020): $3.3M with participation from Sustainable Development Technology Canada
Key Investors in Pyrowave
Sustainable Development Technology Canada
Sustainable Development Technology Canada (SDTC) is a foundation based out of Ontario, Canada, dedicated to helping Canadian entrepreneurs accelerate the development and deployment of globally clean technology solutions.
BASF
BASF is a globally recognized leader in the chemical industry, known for its commitment to innovation, sustainability, and collaboration, developing and producing a broad range of high-performance solutions across various sectors.
Export Development Canada
Export Development Canada provides risk management, secure financing, and working capital services, supporting Canadian businesses in their international trade endeavors.
What's next for Pyrowave?
With the recent major enterprise-level funding, Pyrowave is poised for significant expansion and technological advancement. The company's focus on regenerating plastics aligns with global sustainability initiatives and the growing demand for eco-friendly materials. This strategic investment will likely enable Pyrowave to scale its operations, enhance its proprietary technology, and potentially explore new markets for its regenerated plastic products. The company's trajectory suggests a strong commitment to innovation in the cleantech and materials science sectors.
See full Pyrowave company page
