Slovak greentech Sensoneo raises €6.2M in Series A funding led by Taiwania Capital

Slovakia-based greentech startup Sensoneo has raised €6.2 million in Series A round of funding aimed at the development of innovative waste management solutions. Taiwania Capital is the lead investor, Crowdberry, EIC Fund, and Venture to Future Fund participated, Silicon Canals reports.

• Founded in 2017 by Andrea Basilova and Martin Basila, Sensoneo is a global provider of smart waste management solutions. The solution combines unique ultrasonic Smart Sensors that monitor waste real-time with accessible software. This can enable cities and businesses to manage their waste cost-efficiently, be more environmentally responsible, and improve the well-being of people.
• According to the company, the customers can achieve overall waste collection cost reduction of at least 30% and carbon emission reduction up to 60% in cities. Sensoneo is already installed in over 80 countries across Europe, North America, South America, Middle East, Australia, and New Zealand.

• Taiwania Capital led the round. It is a Taiwan-based venture capital firm that invests in Series A global technology startups from its $200 million CEE fund. The existing investors also participated in the round including Crowdberry, EIC Fund, and Venture to Future Fund.

“Sensoneo is an excellent example of how a company based in the CEE region can attract international customers and compete globally by consistently prioritising innovation. As a global leader, Sensoneo holds a unique position that allows the company to effectively target the rapidly growing smart waste management market. We believe that Sensoneo’s technology is setting the standard in smart waste management, and we are excited to be part of the story,”

Mitch Yang, CEE Fund’s Managing Partner, comments.

• With the fresh funds, Sensoneo is planning on building the largest smart waste installation in Europe, comprising 11,100 sensors in Madrid.