Sensoneo secures €6.2M in Series A funding with EIT Digital support, to strengthen its global expansion

Sensoneo, a pioneering provider of smart waste management solutions and an alumnus of the EIC-EIT Digital Venture Acceleration Program, recently announced the successful attainment of €6.2 million in Series A funding. The funding round was led by Taiwania Capital, with the participation of existing investors including Crowdberry, EIC Fund, and Venture to Future Fund.

Sensoneo Sensoneo is commercializing enterprise-grade SaaS solutions to cost-efficiently manage end-to-end waste lifecycles, foster traceability, and significantly contribute to the transition towards a circular economy. By offering cities and businesses digital transformation, automation of critical daily operations, and data-driven decision-making, Sensoneo streamlines waste collection and significantly reduces their environmental footprint. The solution is used by factories worldwide for their industrial waste management and has been adopted by several countries for their nationwide DRS (Deposit Return System) on plastic recycling.

The Slovakia-based company now operates in over 80 countries across five continents and is preparing to contribute to Europe‘s largest smart waste installation in Madrid. The new influx of funding will bolster Sensoneo's expansion into other regions, fueling ongoing innovation and facilitating deeper penetration into global markets.

Reflecting on the milestone, Martin Basila, CEO and Co-Founder of Sensoneo, stated, "This fundraising will allow us to consolidate our market-leading position in our markets worldwide, while at the same time continue to innovate to always be at the forefront of our customer needs. Sensoneo is proud to have been amongst the ten winners of the EIC-EIT Digital Venture Acceleration Program. Furthermore, the support of EIT Digital’s access to finance experts was highly valuable as we pursued our goal of a Series A investment."

EIT Digital Growth Services team is thrilled to have supported a leading company in the waste management and recycling economy, making digital innovations truly impactful for all European citizens. Now Sensoneo is poised to scale and deploy its deep-tech waste management solutions in new markets. We’re so pleased to see European digital innovations going global” commented Daniel Michel, Access to Finance Specialist at EIT Digital Growth Services.

EIT Digital Growth Services

With a network of over one thousand active investors in Europe and beyond, the EIT Digital Growth Services team offers a comprehensive support programme to fast-growing digital technology companies looking to raise €3-30 million and expand internationally. Its international team of venture capital experts specializes in deep tech and helps founders find the right investors, perfect their investor pitch, and close the fundraising round on the best possible terms. Learn how EIT Digital Growth Services can help your company scale internationally.

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Co-Funded by the European Union