Phuc Labs on Republic 2022
Summary
Phuc Labs, with a valuation of $18 million, is raising funds on Republic. The company has modernized recycling technology for e-waste and valuable earth metals. The technology of Phuc Labs is a digital innovation and uses computer vision and robotics to identify and recover resources from waste with high accurate and low energy. The campaign proceeds will be used to scale the customer pipeline, expand the team, and expand the IP portfolio.Everything in Edge, plus Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight) Search and filter based on Analyst Reports In-depth risk ratings for every raiseHumans produced 53.6 million tons of e-waste in 2019 and will produce 74.7 million tons yearly by 2030. The price of gold reached new highs in 2022, the price of copper is in its highest range, and palladium is twice more expensive now than in 2018.If the e-waste from electronics which includes those precious metals could be sorted and recycled, it would provide a lot of value.