Rubicon Global Raises $50m in VC Funding
Summary
Rubicon Global, an Atlanta, GA-based provider of cloud-based waste and recycling solutions, raised $50m in funding.The round, which brought Rubicon’s valuation to $500m, was led by Nima Capital with participation from Goldman Sachs, Wellington Management Company, co-founder of KKR, Henry Kravis, founder of Tudor Investment Corporation, Paul Tudor Jones II, and actor, Leonardo DiCaprio.The company will use the funds to scale its current technology and expand on-demand and mid-market services.Led by Lane B. Moore, Co-Founder and Executive Chairman, Nate Morris, and Co-Founder and Chief Executive Officer, Perry Moss, President, Rubicon Global, a As a Certified B Corporation, provides cloud-based waste and recycling solutions.Through its platform, companies can reduce operating expenses, divert waste from landfills, track key metrics and work towards long-term sustainability goals.