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CurbWaste announces $28M funding round to grow AI insights
Yahoo Finance· 2025-10-22 08:00
Core Insights - The COVID-19 pandemic prompted a significant shift in the waste industry, leading to the sale of Curbside's hauling business and the establishment of CurbWaste, a digital operations platform focused on enhancing waste management services [1][2][3] Company Overview - CurbWaste was founded after the sale of Curbside, which primarily handled construction and demolition (C&D) waste, due to pandemic-related shutdowns [1][3] - The company raised its first seed round in 2022 and has since grown to employ 55 people, with plans for further hiring as financial backing increases [3][4] Funding and Growth - CurbWaste recently announced a $28 million Series B fundraising round, bringing total funding to $50 million, led by Socium Ventures [4] - The funding will be utilized to enhance artificial intelligence features, providing customers with better insights into their internal data [4] Customer Base and Services - CurbWaste currently serves around 150 haulers across approximately 40 states, with customer operations ranging from 5 to 200 vehicles [5] - The company aims to deepen its service offerings rather than expand geographically, focusing on partnerships with family-run haulers [5][6] Business Philosophy - CurbWaste emphasizes a customer-focused approach rather than a growth-at-all-costs strategy, prioritizing trust and service quality [6] - The platform aims to transition haulers from traditional operations to digital solutions, offering tools for order management, inventory tracking, automated invoicing, and more [6]