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FINANCE | Investment Firms & Funds
closedlooppartners.com

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Investments

25

Portfolio Exits

1

Funds

7

Partners & Customers

6

About Closed Loop Partners

The Closed Loop Fund is a social impact fund investing $100M to increase the recycling of products and packaging. Every Closed Loop Fund investment in recycling infrastructure deliver measurable financial and environmental returns. First, it is a loan and it must pay back. Equally important, each investment must divert significant tonnage from landfill to the recycling stream. Leveraging pay-for-success as much as possible, each loan must have transparent reporting and clear line of site to repayment to allow for easy replication by other cities and companies.

Closed Loop Partners Headquarter Location

3 Columbus Circle 15th Floor, Suite 1656

New York, New York, 10019,

United States

917-822-6476

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Closed Loop Partners Web Traffic

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Research containing Closed Loop Partners

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CB Insights Intelligence Analysts have mentioned Closed Loop Partners in 1 CB Insights research brief, most recently on Mar 21, 2022.

Latest Closed Loop Partners News

Greyparrot Receives $11 Million for Its AI Waste Analytics Platform

May 25, 2022

Greyparrot Receives $11 Million for Its AI Waste Analytics Platform Published on May 25, 2022 Greyparrot is looking to make the world a better place, and it is doing that by increasing transparency and automation in recycling. Through the use of AI technology, the company is looking to keep the planet clean while getting the most value possible out of waste. It is a win-win that has people paying attention. Want to hear more about Greyparrot? Check out the article below. Waste is a big problem. Our society, on a global level, cannot sustain the quantities of waste that we are currently creating and it is mounting an increasing burden – environmentally, socially, politically and financially. London-based Greyparrot wants to make a change and is using tech to put waste to use. The startup is using computer vision technology to monitor, analyse and sort tonnes of waste at scale and it has just picked up about €10.2 million to boost the mission. The funding was led by Una Terra, with participation from investors including Closed Loop Partners, Unreasonable Group and Speedinvest. To date, there has been limited data on the 2.1 billion tonnes of waste produced each year and this means there has been no systematic transparency on its composition or accountability for how waste is managed. This goes some way to explain why recycling rates have remained at 10% at best. Despite consumers’ best efforts to recycle, poor packaging design and ineffective sorting mean that much of what goes into recycling bins still ends up in landfills. Founded in 2019, Greyparrot’s AI-powered computer vision system has now analysed over ten billion packaging items in sorting plants to increase recycling rates and introduce accountability to the waste value chain. It’s bringing much-needed transparency and answers to an inefficient system. Mikela Druckman, co-founder and CEO, Greyparrot explained: “Waste has been recognised as the fourth biggest contributor to climate change, yet the data surrounding it has been sparse at best. This is a huge missed opportunity. We are putting a monetary value on waste – something that is perceived to have a negative value. Providing access to granular waste data can also have a big impact at a macro level, helping to shape government policies around recycling and influencing the decisions producers make about their packaging.” The company is already working with leaders in waste management – such as Suez, Veolia and Biffa (who collectively cover 60% of the market) – to transform the waste industry and promote the vision that waste can be valued as a resource. The unprecedented data the company has gathered on product packaging is directly impacting policy and packaging design, enabling data-backed decisions to be made by stakeholders along the entire waste value chain. Additionally, suppliers of recycling hardware have integrated the Greyparrot AI model into their sorting machinery and robots. With this, Greyparrot enables the industry to elevate the performance of its sorting infrastructure with AI intelligence. Ron Gonen, Founder & CEO of Closed Loop Partners, added: “Greyparrot’s AI-powered system has the potential to track billions of packages and materials in the recycling value chain which will lead to a number of major efficiencies. Their technology can integrate easily with existing recycling infrastructure, improving efficiency and material capture rates. Closed Loop Partners looks forward to working with their team as they grow their reach and impact around the world.” Recognised as a technology pioneer by the World Economic Forum 2021, Greyparrot is the brainchild of three co-founders: experienced commercial leader Mikela Druckman, serial entrepreneur Ambarish Mitra and AI expert Nikola Sivacki. This funding boost will now be used to grow the team and grow its global footprint, expand to new waste types to include some of the world’s heaviest polluting industries, and double down on its research and development. The aim is that in the coming year, the company can contribute to diverting 30k tonnes of waste from landfills. Luca Zerbini, previously the VP of Sustainability at Amcor and now Partner at ESG-focused VC fund Una Terra, said: “Greyparrot is on its way to transform the $1.6T waste management industry and significantly influence the $1T packaging industry, enabling a feedback loop to FMCG players and providing EPR-relevant data. From the first meeting, we knew we wanted to lead this round: Greyparrot has a stellar founding team with a wealth of industry experience across waste management, AI and Machine Learning, a technology solution that works with existing infrastructure, and industry-leading customer satisfaction rates which is the best predictor of significant growth ahead.” The original article can be found on EU-Startups. Tags

Closed Loop Partners Investments

25 Investments

Closed Loop Partners has made 25 investments. Their latest investment was in Greyparrot AI as part of their Series A on May 5, 2022.

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Closed Loop Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/24/2022

Series A

Greyparrot AI

$11M

Yes

6

3/9/2022

Series B - II

Mori

$50M

No

7

2/8/2022

Series B - II

Apkudo

$14.4M

Yes

8

12/13/2021

Seed VC

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$99M

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10

7/28/2021

Series A

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$99M

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10

Date

5/24/2022

3/9/2022

2/8/2022

12/13/2021

7/28/2021

Round

Series A

Series B - II

Series B - II

Seed VC

Series A

Company

Greyparrot AI

Mori

Apkudo

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Amount

$11M

$50M

$14.4M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

6

7

8

10

10

Closed Loop Partners Portfolio Exits

1 Portfolio Exit

Closed Loop Partners has 1 portfolio exit. Their latest portfolio exit was The Renewal Workshop on March 16, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/16/2022

Acquired

2

Date

3/16/2022

Exit

Acquired

Companies

Valuation

Acquirer

Sources

2

Closed Loop Partners Acquisitions

2 Acquisitions

Closed Loop Partners acquired 2 companies. Their latest acquisition was Sims Municipal Recycling on December 30, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/30/2021

Other

$99M

$1.2M

Corporate Majority

20

10/4/2019

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$99M

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10

Date

12/30/2021

10/4/2019

Investment Stage

Other

Companies

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Valuation

$99M

$99M

Total Funding

$1.2M

Note

Corporate Majority

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Sources

20

10

Closed Loop Partners Fund History

7 Fund Histories

Closed Loop Partners has 7 funds, including Closed Loop Local Recycling Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/21/2022

Closed Loop Local Recycling Fund

$35M

1

12/13/2021

Closed Loop Ventures II

$99M

10

7/27/2021

Closed Loop Circular Plastics Fund

$99M

10

6/30/2020

Closed Loop Infrastructure Fund

$99M

10

10/5/2016

Closed Loop Ventures

$99M

10

Closing Date

1/21/2022

12/13/2021

7/27/2021

6/30/2020

10/5/2016

Fund

Closed Loop Local Recycling Fund

Closed Loop Ventures II

Closed Loop Circular Plastics Fund

Closed Loop Infrastructure Fund

Closed Loop Ventures

Fund Type

Status

Amount

$35M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

Closed Loop Partners Partners & Customers

6 Partners and customers

Closed Loop Partners has 6 strategic partners and customers. Closed Loop Partners recently partnered with PepsiCo, and NextGen Consortium on November 11, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

11/9/2021

Partner

United States

1

7/27/2021

Partner

South Korea

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10

7/14/2021

Partner

United States

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10

9/29/2020

Partner

United States

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10

7/21/2020

Partner

United States

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10

Date

11/9/2021

7/27/2021

7/14/2021

9/29/2020

7/21/2020

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

United States

South Korea

United States

United States

United States

News Snippet

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Sources

1

10

10

10

10

Closed Loop Partners Team

4 Team Members

Closed Loop Partners has 4 team members, including current Founder, Chief Executive Officer, Ron Gonen.

Name

Work History

Title

Status

Ron Gonen

Founder, Chief Executive Officer

Current

Caroline Brown

Managing Director

Current

Bridget Croke

Managing Director

Current

Danielle Joseph

NewWorld Capital Group

Managing Director

Current

Name

Ron Gonen

Caroline Brown

Bridget Croke

Danielle Joseph

Work History

NewWorld Capital Group

Title

Founder, Chief Executive Officer

Managing Director

Managing Director

Managing Director

Status

Current

Current

Current

Current

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