What is Pyrowave?
Founded in 2014 and headquartered in Oakville, Ontario, Pyrowave has developed a proprietary technology designed to break down post-consumer plastics into intermediate products. These products can then be used to create new plastics that are chemically similar to virgin plastics, effectively restoring their value and contributing to a circular economy. This innovative approach addresses the critical need for sustainable plastic management and offers an alternative to traditional recycling methods.
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 Ecofuel and Export Development Canada
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. They currently help 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. The company develops and produces a broad range of high-performance solutions across sectors such as agriculture, automotive, construction, and consumer goods.
Export Development Canada
Export Development Canada was founded in 1944. This company provides risk management, secure financing and working capital services. Their headquarters are located in Ottawa, Ontario, Canada.
What's next for Pyrowave?
With the backing of major enterprise-level funding, Pyrowave is poised for significant expansion. The company's focus on advanced plastic regeneration technology aligns with global environmental initiatives and increasing regulatory pressure for sustainable material management. Future strategic investments will likely be directed towards scaling production capabilities, further research and development to enhance the regeneration process, and expanding market reach to meet the growing demand for recycled plastic feedstocks. The company's trajectory suggests a strong potential for leadership in the cleantech sector.
See full Pyrowave company page
