Candam provides new technology to promote the development of the circular economy. Their IoT tool, RecySmart, was developed for the waste management sector. Their aim is to help municipalities and waste management service providers to increase the proportion of waste that is recycled. The disruptive technology is able to detect any packaging waste in real time, while rewarding citizens for proper selective waste collection. In this way, proper sorting easily becomes part of the consumer’s routine, motivating the public to collect waste properly. With Candam’s solution, the selective waste collection process becomes not only more profitable, but also more convenient and efficient for all involved.

Candam Technologies prevents materials that are still of real value from being mixed up and ending up in landfills or even in the environment because they have not been properly sorted. In this way, the solution addresses a global challenge: reducing non-recycled packaging waste.

Year of investment: 2022

Where the company is active: Europe, Spain, Portugal (from Spain)

What social problem are they responding to: Making separate waste collection easier and more playful, so that people do not have to worry about which bin to use for which product.

Main objectives: Their aim is to help municipalities and waste management service providers to increase the proportion of waste that is recycled.

Which fund we invested in the company: Impact Ventures I.

Reason of investment: We want to use our investment to support the wider uptake of selective waste collection

UN sustainability goals:

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