August 24, 2020

1 Min Read
TerraCycle Bolsters Equity Crowdfunding Efforts in Zero-Waste Journey

Investors are putting their money behind recycling innovators such as TerraCycle for future gains.

The company is using crowdfunding to raise up to $25 million with a $100 minimum share price, and alternative equity watchers are taking notice. Revenue growth reached $27.1 million in 2019, a 35% year-over-year increase. TerraCycle also distributed dividends of $2.61 per share for a second time, which only was anticipated on a once-per-year basis.

TerraCycle has partnered with big names such as Proctor & Gamble, Walmart and PepsiCo to validate its business model, which presents an opportunity to take packaging normally destined for landfills such as snack wrappers, plastic packaging and sandwich bags and turn those raw materials into profit while reducing waste. The strategy has led to collaboration with hundreds of additional manufacturers and retailers across the globe.

Environmental and social responsibility also major drivers of the call for investment. Experts cite the "circular economy" created with TerraCycle's process as a reason to put dollars behind the company.

View the original article here.

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