Dallas-based bulk waste and sustainability company CheckSammy has received a $45 million strategic growth equity investment that it said will enhance its ability to deliver “transparent, measurable waste diversion and carbon reduction benefits” to companies.
CheckSammy said the round was led by I Squared Capital, with Zero Infinity Partners participating.
“The continued support of our work allows us to accelerate our mission to build waste diversion technology and data aggregation,” CheckSammy CEO and founder Sam Scoten said in a statement. “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.”
CheckSammy also entered into a growth capital and revolving credit facility with TriplePoint Capital LLC, the company said. This is Zero Infinity Partners’ second investment in CheckSammy, which it said reaffirms its belief in the company’s mission and commercial success.
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 is a nationwide provider of on-demand, same-day bulk waste removal and bespoke sustainability services, with revenue growing 40x since first commercializing in 2020.
It said it operates a two-sided marketplace, connecting independent waste haulers and service providers with enterprise customers. The 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.
‘Sustainability-as-a-Service’—and a new sustainability software platform
CheckSammy said the funding will allow 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 also 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.
The company said that together, CheckSammy and Veridiant provide a solution to strategically manage, analyze, and optimize ESG metrics, enabling true Sustainability-as-a-Service to CheckSammy clients.
“CheckSammy has quickly established itself as a leading provider of bulk junk removal services in North America,” Kevin Crull, Global InfraTech Fund partner at I Squared Capital, said in a statement. “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’re pleased to partner with them as they expand their operations and deepen their technology leadership in the waste sector.”
CheckSammy announced $15M equity investment in 2022
In November 2022, CheckSammy announced a $15 million equity investment provided by New York-based Zero Infinity Partners and a term debt facility provided by Canadian firms FirePower Capital and PaceZero Capital Partners. At the time, the company said that as a result of the investment, John Kwaak, founder and managing partner of Zero Infinity Partners, would join its board of directors as an observer.
Describing itself as the world’s largest bulk waste and sustainability operator, CheckSammy is a nationwide provider of on-demand, same-day waste and bulk junk removal and sustainability services.
It uses proprietary technology, data-backed techniques, and exclusive partnerships with a large network of respected sustainability vendors across the continent to move efficiently and tackle complex waste and recycling situations without being tied to a specific destination or solution. the company said.
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