Samsara Eco Funding, Investors & Competitors

Samsara Eco has raised $109M across 3 funding rounds, most recently a $67M Series A in June 2024.

Last Samsara Eco funding round

$67M

Series A · Jun 2024

Cumulative funding Samsara Eco raised

$109M

across 3 funding rounds

Key investors in Samsara Eco

  • Main Sequence Ventures
  • Temasek
  • DCVC
  • Clean Energy Finance Corporation
  • Virescent Ventures
  • W23
  • Titanium Ventures
  • Hitachi Ventures

Samsara Eco Overview

About Samsara Eco

Samsara Eco is a London-based cleantech company developing enzymatic recycling technology to break down PET plastics into monomers for infinite reuse. Its platform processes mixed plastic waste from bottles and trays at rates of 10 tons per day per facility. Founded in 2021, Samsara partners with Unilever and Nestlé for pilot plants in UK and Europe, aiming for commercial scale by 2025.


Founded

2021

HQ

AustraliaSydney

Status

Privately held

Customer focus

B2B

Revenue model

Services

Samsara Eco Funding History

Samsara Eco has raised a total of $109M across 3 funding rounds.

Samsara Eco's first fundraising round was a $6M seed round in March 2022. The most recent completed round was a $67M Series A in June 2024.

Samsara Eco funding rounds

Samsara Eco funding rounds
DateStageInvestorsRaisedDeal Summary
Jun 2024Series AMain Sequence Ventures (lead); Temasek (lead); Wollemi; Titanium Ventures; Hitachi Ventures; Lululemon; DCVC$67MSamsara Eco is an Australian enviro-tech startup founded in 2020 that develops enzymatic recycling technology to process plastic waste such as discarded textiles and packaging into monomers, the molecular building blocks of plastics, enabling a circular economy by producing new products and diverting waste from landfills and incineration. The company secured AUD$100 million (USD$65-66.7 million) in a Series A equity funding round on June 26-27, 2024, co-led by Main Sequence Ventures and Temasek Holdings, with participation from DCVC, Hitachi Ventures, lululemon, Titanium Ventures, and Wollemi Capital, bringing total funding raised to AUD$164 million (USD$105 million). The funding will support scaling Samsara Eco's global enzymatic recycling capabilities, including construction of new commercial facilities in Southeast Asia over the next few years to recycle millions of tonnes of plastic waste and produce tens of thousands of tonnes of monomers annually. The company aims to eliminate plastic waste entering landfills or incinerators through its technology.
Nov 2022Series AMain Sequence Ventures (lead); Temasek; Clean Energy Finance Corporation; Breakthrough Victoria; Virescent Ventures; DCVC; INP Capital; W23; Assembly Climate Capital$37MSamsara Eco is an Australian deep tech startup founded in 2020 in collaboration with the Australian National University, Woolworths, and Main Sequence Ventures. The company develops enzymatic recycling technology to break down complex plastics and textiles into their original molecular building blocks, enabling infinite recycling without fossil fuels to produce virgin-grade materials for packaging, automotive, electronics, and consumer goods sectors. This addresses plastic waste accumulation by creating a closed-loop system integrated into existing supply chains. In November 2022, Samsara Eco raised its Series A round of AUD 54-56 million (approximately USD 34.7-37 million), led by Main Sequence Ventures with participation from investors including Assembly Climate Capital, Breakthrough Victoria, Clean Energy Finance Corporation, DCVC, INP Capital, Temasek Holdings, Virescent Ventures, and W23. The funds supported scaling enzymatic recycling capabilities, expanding operations, and establishing initial facilities like the Jerrabomberra site in New South Wales for client testing and partnerships. The company had a prior seed round of USD 6 million in March 2022 to develop and launch its recycling technology. By mid-2024, Samsara Eco secured a follow-on Series A+ round of AUD 100 million (USD 65 million) co-led by Temasek and Main Sequence, with new and existing backers like DCVC, Hitachi Ventures, Lululemon, Titanium Ventures, and Wollemi Capital, bringing total funding to around USD 104-160 million. This capital funds commercial facilities in Southeast Asia, North American expansion, team growth to 90 staff by end-2025, and enzyme library enhancement. Samsara Eco operates with about 60-84 employees across Australia, North America, and plans for Singapore. It focuses on commercialization pathways for global brands, with facilities under construction to process millions of tons of waste into tens of thousands of tons of monomers annually.
Mar 2022SeedClean Energy Finance Corporation; Main Sequence Ventures; Wildcard Ventures; Virescent Ventures; W23$6MSamsara Eco raised $37 million in a 2022 venture funding round, with investors including Main Sequence Ventures. The company develops enzymatic plastics recycling technology that breaks down polyethylene terephthalate and nylon 6,6 into raw materials for infinite reuse. In a later round, Samsara Eco raised $65 million led by Temasek and Main Sequence, with participation from Lululemon, to build facilities in Southeast Asia targeting millions of metric tons of waste. Total funding raised reached $83.4 million, with a current private valuation of $129.4 million.

Who has invested in Samsara Eco?

14 investors have backed Samsara Eco across its funding rounds, including Main Sequence Ventures, Temasek, DCVC, Clean Energy Finance Corporation, Virescent Ventures and W23.

Lead investors include Main Sequence Ventures and Temasek.


Samsara Eco Investors

Investors in Samsara Eco by funding rounds participated
InvestorHQRoundsRoleFirst check
Main Sequence VenturesAustraliaAustralia3LeadMar 2022
TemasekSingaporeSingapore2LeadNov 2022
Clean Energy Finance CorporationAustraliaSydney2ParticipantMar 2022
Virescent VenturesAustraliaMelbourne2ParticipantMar 2022
DCVCUnited StatesUnited States2ParticipantNov 2022
W23AustraliaSydney2ParticipantMar 2022
WollemiAustraliaSydney1ParticipantJun 2024
Titanium VenturesUnited StatesUnited States1ParticipantJun 2024
Wildcard VenturesAustraliaMelbourne1ParticipantMar 2022
Hitachi VenturesGermanyMunich1ParticipantJun 2024
Breakthrough VictoriaAustraliaMelbourne1ParticipantNov 2022
LululemonCanadaVancouver1ParticipantJun 2024

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Samsara Eco Competitors

Samsara Eco competitors include listed companies like First Solar, Nextracker and Tongwei, and private ones like Northvolt, Kraken and Redwood Materials.

Public and private companies comparable to Samsara Eco
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
First SolarUnited StatesUnited StatesPublicly listed$5.2B$2.1B$22B4.0x
NextrackerUnited StatesUnited StatesPublicly listed$3.6B$747M$13B2.9x
NorthvoltSwedenStockholmPrivate--$12B-
KrakenUnited KingdomLondonPrivate$2.2B$531M$8.7B3.9x
TongweiChinaChinaPublicly listed$13B$461M$7.4B1.5x
Redwood MaterialsUnited StatesCarson City, NVPrivate$200M-$6B30.0x

Samsara Eco Public Comps

Samsara Eco is still privately-owned, but its public comps include First Solar, Nextracker, Tongwei, Baosight, Jinko Solar, Enphase Energy, CSI Solar, Premier Energies, Trina Solar and AIKO Solar.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
First Solar$5.2B$2.1B3.8x4.0x9.7x7.7x
Nextracker$3.6B$747M3.2x2.9x15.3x12.9x
Tongwei$13B$461M1.5x1.5x41.6x19.8x
Baosight$1.6B$281M3.5x3.2x20.3x17.6x
Jinko Solar$9.8B$35M0.9x0.9x239.9x11.8x
Enphase Energy$1.5B$227M3.0x3.5x19.4x12.5x
CSI Solar$6B$801M0.9x1.0x6.9x7.1x
Premier Energies$814M$258M5.3x4.0x16.8x13.8x

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Common questions about Samsara Eco

When was Samsara Eco founded?Samsara Eco was founded in 2021.
Where is Samsara Eco headquartered?Samsara Eco is headquartered in Sydney, Australia.
Is Samsara Eco publicly listed?No, Samsara Eco is a private, VC-backed company.
How much funding has Samsara Eco raised?Samsara Eco has raised $109M across 3 funding rounds.
What was Samsara Eco's last funding round?Samsara Eco's last funding round was a $67M Series A in June 2024, led by Main Sequence Ventures and Temasek.
Who are Samsara Eco's investors?Samsara Eco's investors include Main Sequence Ventures, Temasek, Clean Energy Finance Corporation, Virescent Ventures, DCVC, W23, Wollemi, Titanium Ventures, Wildcard Ventures, Hitachi Ventures and 4 others.
Which companies are comparable to Samsara Eco?Companies comparable to Samsara Eco include First Solar, Nextracker, Northvolt, Kraken, Tongwei and Redwood Materials.

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