Sensoneo raises 2M EUR from EIC Fund and VFF Fund

Logo of Sensoneo

Sensoneo, the provider of enterprise-grade smart waste management solutions, raises €2M investment from EIC Fund and Venture to Future Fund to further accelerate the expansion of the company.

City skyline with Sensoneo logo and EU emblem.

The investment from the EIC fund follows a successful EIC Accelerator application of Sensoneo in October 2020, when Sensoneo received a grant supporting the large-scale deployment of their smart waste management innovations in two European capitals, and completion of their R&D projects including “Pay as you sort” solution.

“I am pleased to announce the EIC Fund is helping Sensoneo to further develop its ground-breaking technology aiming at redefining urban and large-scale waste management. This investment also witnesses the European commitment in supporting the digital transition in everything related to the environment and green economy including managing waste efficiently and with a lower environmental footprint”,

Martin Bruncko, , member of the EIC Fund Investment Committee.

Venture to Future Fund is a joint initiative of EIB, the Ministry of Finance of the Slovak Republic, and the Slovak Investment Holding. It is the first venture capital fund of its kind in the CEE region that has lured EIB´s capital. The Fund is focused on acceleration and growth of companies with highly innovative potential in Slovakia and in the EU.

“We consider Sensoneo to be one of the most innovative companies in the CEE region. Its technologically advanced solution is an outstanding example of how digital technologies can transform such a complex and conservative industry as waste management. We believe that with the help of our investment, the company will be able to accelerate further and encourage cities towards greater transparency and sustainability in waste collection and processing,

Miriama Kovacova, Member of the Board of Directors of Venture to Future Fund.
Martin Basila, CEO and co-founder of Sensoneo.

The waste management industry is facing challenging times when efficiency, transparency, and sustainability become the critical conditions to succeed. We develop and provide easy-to-deploy innovations that help cities and businesses to make their waste management ready for the future. We are pleased that our mission will be thanks to this investment accelerated,”

Martin Basila, CEO, and Co-Founder of Sensoneo.

Sensoneo positioning

So far, Sensoneo received an investment of a total of €2,8 Million from venture funds Credo Ventures, Ysoft Ventures, Crowdberry, Sonoma Ventures, and Slovak Investment. Since the founding of the company in 2017, Sensoneo managed to become one of the leaders of a rapidly growing global smart waste management market. The company is headquartered in Bratislava, Slovakia, and in March 2021 opened a JV branch in Arizona, USA.

The solution is now used in projects in over 60 countries worldwide, where it helps the customers to manage waste efficiently, optimize processes, save costs, avoid unnecessary environmental footprint, and acquire accurate data for their strategic decisions regarding waste management.

Overview of Sensoneo solutions. Smart sensors, Smart Waste Management System, Smart Route Plenning, Smart Analytics, Citizen App and Smart Asset Management.
  • Andrea Basilova
  • Andrea takes care of all Sensoneo’s online and offline communication. Her goal is to make Sensoneo a strong brand recognized across global smart waste management market. Her background in marketing and PR enables her to be the perfect advocate for the Sensoneo solution.
  • All articles