CheckSammy - Comprehensive Analysis Report

Summary

CheckSammy, established in 2018 and based in Vancouver, Canada, is recognized as a prominent bulk waste and sustainability operator. The company specializes in providing on-demand, nationwide, same-day waste and bulk junk removal services, alongside strategic recycling and landfill diversion programs. CheckSammy is committed to redefining the waste management industry through technology, data-driven solutions, and a focus on sustainability. Its mission is to enable businesses to effectively manage waste streams, reduce costs, and extract maximum value from excess materials, thereby promoting a more sustainable future.

1. Strategic Focus & Objectives

Core Objectives

Providing on-demand, same-day bulk waste removal services across the nation.

Offering strategic recycling and landfill diversion programs tailored to client needs.

Enabling businesses to measure and improve their ESG impact through detailed data and analytics.

Operating a two-sided marketplace connecting independent waste haulers and service providers with enterprise customers.

Driving innovation through AI and automation to enhance service efficiency and reduce environmental impact.

Specialization Areas

Sustainable waste management solutions.

Technology and data analytics in waste management.

Connecting independent waste haulers and service providers with enterprise customers through a two-sided marketplace.

Target Markets

Major metropolitan areas.

Municipalities.

Property managers.

Clients with substantial waste management needs.

2. Financial Overview

Funding History

Total funds raised: $60.3 million.

Series B round: $45 million on January 24, 2024, led by I Squared Capital with participation from Zero Infinity Partners. Funds are allocated to scale waste diversion and sustainability solutions, launch the Veridiant sustainability software platform, and expand the company's role in enabling the circular economy.

Equity investment: $15 million in November 2022 from Zero Infinity Partners.

Debt financing from FirePower Capital and PaceZero Capital Partners.

Growth capital and revolving credit facility with TriplePoint Capital, LLC.

3. Product Pipeline

Key Products/Services

Veridiant Platform: A sustainability software platform that provides detailed diversion analytics, carbon insetting and offsetting capabilities, a materials marketplace, and integration with existing ESG technology stacks.

Sustainability Hubs: Strategically placed facilities to help clients manage excess materials while reducing landfill fees.

Expansion into commercial cleaning services including comprehensive recycling services is planned.

Expansion into Europe, Asia and Australia planned for 2027.

4. Technology & Innovation

Technology Stack

Tech-enabled logistics platform connecting over 7,000 operators with customers, providing flat-rate pricing and efficient waste removal services.

Veridiant sustainability software platform that provides detailed diversion analytics, carbon inset and offset capabilities, a materials marketplace and integrates with customers' existing ESG technology stack.

ZeroPoint Facilities that maximize landfill diversion and provide data for tracking and reporting.

SmartDASHBOARD, SmartBINS, SmartFLEET, and SmartAPP, to enhance operational efficiency and data collection.

Use of AI and automation to streamline processes, boost efficiency, and unlock new revenue streams.

Data analytics for providing detailed diversion analytics and carbon reporting.

5. Leadership & Management

Executive Team

Sam Scoten: Co-Founder & CEO

Paul Botelho: Co-Founder & President/CSO

Fraser Reid: Chief Financial Officer

Kris Kelley: Chief Operating Officer

Donald Campbell: Chief Revenue Officer

Cameron Funk: Chief Sustainability Officer

Darren Popoff: Chief Compliance Officer

Jake Soroka: Chief Marketing Officer

Ric Hobby: Chief Commercial Officer

Craig Pickell: Vice President

Doug Schminke: Chief Technology Officer

Hardish Nandra: Chief Information Officer

Derek Sudduth: Chief Innovation Officer

Recent Leadership Changes

Recent appointments to strengthen the technology leadership:

Doug Schminke as Chief Technology Officer

Derek Sudduth as Chief Innovation Officer

Hardish Nandra as Chief Information Officer

6. Competitive Analysis

Major Competitors

Re Sustainability

RTS (Commercial Services)

Rubicon Technologies

1-800-GOT-JUNK?

Waste Management

Dynamic SLR

Verde CO2

7. Market Analysis

Market Overview

CheckSammy operates in the waste management and sustainability sector, addressing the increasing need for efficient waste removal and sustainable practices. This market is driven by growing environmental concerns, stricter regulations, and increasing corporate focus on ESG initiatives. CheckSammy serves major metropolitan areas, municipalities, and property managers, targeting clients with substantial waste management needs.

8. Strategic Partnerships

Over 25,000 partnerships with reverse logistics and recycling facilities.

Partnerships with organizations like One Tree Planted to promote reforestation and biodiversity.

9. Operational Insights

Nationwide coverage with same-day service capabilities.

Proprietary technology and data analytics for transparent waste diversion and carbon reduction.

A two-sided marketplace that connects customers with a broad network of waste haulers and service providers.

Emphasis on enabling the circular economy and helping companies achieve their ESG goals.

10. Future Outlook

Strategic Roadmap

Scaling the Veridiant platform to provide comprehensive ESG solutions and analytics.

Expanding into new geographic markets, including Europe, Asia, and Australia.

Leveraging AI and automation to further optimize waste management processes and reduce costs.

Developing new service offerings, such as commercial cleaning with comprehensive recycling.

Enhancing its network of partnerships to increase landfill diversion and promote sustainable practices.

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