- Companies
- Samsara Eco
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
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jun 2024 | Series A | Main Sequence Ventures (lead); Temasek (lead); Wollemi; Titanium Ventures; Hitachi Ventures; Lululemon; DCVC | $67M | Samsara 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 2022 | Series A | Main Sequence Ventures (lead); Temasek; Clean Energy Finance Corporation; Breakthrough Victoria; Virescent Ventures; DCVC; INP Capital; W23; Assembly Climate Capital | $37M | Samsara 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 2022 | Seed | Clean Energy Finance Corporation; Main Sequence Ventures; Wildcard Ventures; Virescent Ventures; W23 | $6M | Samsara 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Mar 2022 | ||
| 2 | Lead | Nov 2022 | ||
| 2 | Participant | Mar 2022 | ||
| 2 | Participant | Mar 2022 | ||
| 2 | Participant | Nov 2022 | ||
| 2 | Participant | Mar 2022 | ||
| 1 | Participant | Jun 2024 | ||
| 1 | Participant | Jun 2024 | ||
| 1 | Participant | Mar 2022 | ||
| 1 | Participant | Jun 2024 | ||
| 1 | Participant | Nov 2022 | ||
| 1 | Participant | Jun 2024 | ||
This data is available for Pro users. Sign up to see all 14 Samsara Eco investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialSamsara Eco Competitors
Samsara Eco competitors include listed companies like First Solar, Nextracker and Tongwei, and private ones like Northvolt, Kraken and Redwood Materials.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $5.2B | $2.1B | $22B | 4.0x | ||
| Publicly listed | $3.6B | $747M | $13B | 2.9x | ||
| Private | - | - | $12B | - | ||
| Private | $2.2B | $531M | $8.7B | 3.9x | ||
| Publicly listed | $13B | $461M | $7.4B | 1.5x | ||
| Private | $200M | - | $6B | 30.0x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $5.2B | $2.1B | 3.8x | 4.0x | 9.7x | 7.7x | |||
| $3.6B | $747M | 3.2x | 2.9x | 15.3x | 12.9x | |||
| $13B | $461M | 1.5x | 1.5x | 41.6x | 19.8x | |||
| $1.6B | $281M | 3.5x | 3.2x | 20.3x | 17.6x | |||
| $9.8B | $35M | 0.9x | 0.9x | 239.9x | 11.8x | |||
| $1.5B | $227M | 3.0x | 3.5x | 19.4x | 12.5x | |||
| $6B | $801M | 0.9x | 1.0x | 6.9x | 7.1x | |||
| $814M | $258M | 5.3x | 4.0x | 16.8x | 13.8x | |||
This data is available for Pro users. Sign up to see all Samsara Eco competitors and their valuation data. Start Free Trial | ||||||||
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. |
See companies similar to Samsara Eco
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