Rubicon Global Picks Up $50M for On-Demand Trash Removal

Rubicon Global Inc. has raised $50 million in venture funding to become the Uber of garbage and recycling.

The Atlanta-based startup’s website and mobile apps connect local waste haulers and recycling businesses to customers who need their services. The app allows businesses, and now some residential customers, to book garbage pickup within an hour.

Prices vary by market and based upon the type of garbage, including electronics, medical, food or typical paper and plastics waste generated by offices.

Nima Capital led the investment in Rubicon Global, joined by Goldman Sachs, Wellington Management Co., KKR founder Henry Kravis, Tudor Investment Corp. founder Paul Tudor Jones and actor Leonardo DiCaprio. The company’s post-money valuation climbed to $500 million with the new round of funding, according to co-founder and Chief Executive Nate Morris and investors.

Rubicon Global, which has about 200 employees, started out by linking large corporations that have thousands of stores, restaurants or offices around the U.S. to local waste-hauling businesses that can help them. Smaller waste hauling and recycling businesses previously couldn’t compete against giants in the industry—such as Republic Services, Waste Management, or Clean Harbors—to fulfill large contracts, says the CEO.

Read the full article about Rubicon Global’s latest round of investment at Dow Jones VentureWire.

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Press Coverage

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Rubicon Global Launches “Trick or Trash” Halloween Campaign to Keep Candy Wrappers Out of Landfills

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Rubicon Launches Halloween Campaign to Divert Candy Wrappers from Landfills

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Press Releases

Rubicon Global Launches “Trick or Trash” Halloween Campaign to Keep Candy Wrappers Out of Landfills

Free Offering from Rubicon® Aims to Help With the Waste and Recycling Challenges of Today Atlanta, Georgia (October 16, 2019) — Rubicon Global today announced that the company has launched a Halloween campaign designed to help elementary and middle-school teachers across the United States educate… Keep Reading...

Speaker Series: Rubicon Global’s Michael Allegretti Speaking at the Inaugural Smart Waste, Smart Resources Conference

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Rubicon Global Receives 2019 Smart City Innovation Award from IoT Evolution World

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