Bulk waste and sustainability operator CheckSammy announced it raised a $45 million strategic investment that will enhance the company’s ability to deliver transparent, measurable waste diversion and carbon reduction benefits to companies.
The growth equity funding round was led by I Squared Capital, with Zero Infinity Partners participating. CheckSammy has entered into a growth capital and revolving credit facility with TriplePoint Capital, LLC. This is Zero Infinity Partners’ second investment in CheckSammy, reaffirming the belief in the company’s mission and commercial success. And Ross Berger from I Squared Capital and John Kwaak from Zero Infinity Partners will join CheckSammy’s Board of Directors as part of the funding agreement.
CheckSammy offers on-demand, same-day bulk waste removal and bespoke sustainability services, with revenue growing 40x since first commercializing in 2020. And the company operates a two-sided marketplace, connecting independent waste haulers and service providers with enterprise customers.
This marketplace model enables seamless national contracting and best-in-class service coverage across North America, at a highly competitive price point, delivering meaningful value to end customers. This funding will enable the first-of-its-kind circular waste management service provider to improve its ability to help companies achieve and verify their waste diversion goals.
The funding will support the launch of Veridiant, CheckSammy’s sustainability software platform that provides detailed diversion analytics, carbon inset and offset capabilities, a materials marketplace, and integrates with customers’ existing ESG technology stack. Together, CheckSammy and Veridiant provide a solution to strategically manage, analyze, and optimize ESG metrics, enabling true Sustainability-as-a-Service to CheckSammy clients.
KEY QUOTES:
“The continued support of our work allows us to accelerate our mission to build waste diversion technology and data aggregation. We look forward to expanding our role as enablers of the circular economy by providing new tools to strategically optimize our clients’ ESG scores and diversion efforts.”
– Sam Scoten, CEO and Founder of CheckSammy
“CheckSammy has quickly established itself as a leading provider of bulk junk removal services in North America. The company is providing an essential service to enterprise customers, while delivering tangible sustainability benefits, primarily in the form of landfill diversion. CheckSammy is a natural fit at I Squared, and we are pleased to partner with them as they expand their operations and deepen their technology leadership in the waste sector.”
– Kevin Crull, Global InfraTech Fund Partner at I Squared Capital
