Founders of recycling startup say pandemic changed investment game – Meczyki.Net

Startups for years Addressing the recycling crisis operating in relative anonymity. But for those who stuck with it — or survived the lean time — investors are now rewarding them with growing support, three founders told me at this week’s TC session: Climate 2022 at Berkeley.

“Traditionally lifting in space has been very difficult. I’ve seen a lot of that change over the past year,” said miranda vangoCo-Founder and CEO novoloopA plastics upcycling startup.

There were several different catalysts behind that change, most of which can be traced back to COVID.

“I don’t know if anyone remembers, but for a while, it was hard to get some toilet paper,” said matanya horowitzFounder and CEO of AMP RoboticsA robotics and AI vision startup that specializes in sorting recyclable materials.

“We saw the demand for toilet paper translate into the demand for recycled materials, transformed into the demand for our systems, in a time where it was really hard to get people to work and people were afraid to touch the packaging that might have been used in homes. have come from was COVID. It was an accelerator for our business. ,

Panelists said that COVID supply chain constraints combined with new business models have increased investor interest.