ImpactAlpha, January 10 — Roadrunner Recycling’s technology can predict waste generation and size companies’ storage and recycling needs. The Philadelphia-based company claims to have helped businesses divert more than 200,000 tons of waste from landfills.
General Atlantic’s BeyondNetZero fund will support the company’s U.S. expansion. Roadrunner has raised nearly $130 million since 2014.
General Atlantic launched BeyondNetZero last year with former BP chief John Browne and Emmanuel Lagarrigue, ex- of Schneider Electric (see “Shutdown accelerates shift to digitized, decentralized, decarbonized electricity”).
The New York-based growth equity firm is looking to raise $4 billion for the fund. General Atlantic funds have committed $1 billion.
BeyondNetZero invests in “companies that are producing practical, tech-enabled climate solutions — like RoadRunner — and helps them scale so they can accelerate their net-zero transition,” said General Atlantic’s Michael Bevan.