Pittsburgh recycling startup includes Phoenix in its expansion plans

Posted at 9:44 AM, Mar 18, 2020
and last updated 2020-03-18 12:44:36-04

A young East Coast tech firm that aims to provide businesses with a more effective and cost-effective option for recycling has its eye on Phoenix as it plans to double both its employment and the number of metros in which it operates.

Pittsburgh-based RoadRunner Recycling on Tuesday said it raised a $28.6 million Series C financing round.

The company plans to boost its employment, from 165 to 330 within the year.

The round was co-led by and Greycroft with additional participation from Franklin Templeton and existing investors, Adams Capital Management and FJ Labs.

Read more from the Phoenix Business Journal.