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

Rubicon 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, 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, 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’s latest round of investment at Dow Jones VentureWire.

Click here for the full interview

Press Coverage

Rubicon Provides PPE for Frontline Workers

Rubicon is offering protective masks to its partner haulers and sanitation workers. Atlanta-based Rubicon, a provider of smart waste and recycling technologies, has announced that it will be providing protective masks to its network of independent waste and recycling haulers. “As COVID-19 cases continue to… Keep Reading...

Essential PPE for Frontline Workers to be Provided by Rubicon

Rubicon will be providing protective masks to their network of independent waste and recycling haulers. "As COVID-19 cases continue to increase and new spikes are happening across the country, effective personal protective equipment is more important than ever for essential frontline workers, including our waste… Keep Reading...

Rubicon Provides Essential Personal Protective Equipment for Frontline Workers

Rubicon, a software company that provides smart waste and recycling solutions to businesses and governments worldwide, today announced that they will be providing protective masks to their network of independent waste and recycling haulers. “As COVID-19 cases continue to increase and new spikes are happening… Keep Reading...

Press Releases

Rubicon Provides Essential Personal Protective Equipment for Frontline Workers

As COVID-19 cases continue to rise, Rubicon is offering protective masks to all of its partner haulers and sanitation workers. Atlanta, Georgia (July 1, 2020) – Rubicon, a software company that provides smart waste and recycling solutions to businesses and governments worldwide, today announced that… Keep Reading...

UL and Rubicon Announce Partnership to Promote Circularity, Zero Waste, and Sustainability Strategies to Businesses

Relationship will help companies execute ESG-oriented goals to drive measurable positive impacts. Atlanta, Georgia (June 23, 2020) – UL, a leading global safety science company, has entered into a partnership with Rubicon, a software company born in the waste and recycling industry, to support each… Keep Reading...

Speaker Series: Rubicon’s Michael Allegretti and Conor Riffle to Speak at SWANApalooza 2020

WHO: Michael Allegretti, Chief Strategy Officer at Rubicon (Twitter, LinkedIn) Conor Riffle, Vice President of Smart Cities (Twitter, LinkedIn) WHAT: Bring your questions to this roundtable discussion. Join waste and recycling technology company Rubicon and other industry experts in a timely discussion on city resiliency… Keep Reading...