Brazilian waste management startup Vertown raised $1.4M in an investment round led by Açolab Ventures, the CVC arm of Arcelormittal, and Irani Ventures.
Vertown will use the funds to accelerate product development and growth.
Vertown’s technology helps companies manage waste disposal more efficiently, ensuring legal compliance and reducing CO2 emissions.
“In Brazil, where over 40% of waste is mismanaged, our technology offers full lifecycle traceability that enables companies to monitor and improve waste processes from generation to disposal,” said Guilherme Arruda, Vertown’s CEO.
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