On January 24, 2024, CheckSammy announced that it secured a total of US$45 million in strategic investments in a growth capital round and a new revolving credit facility. The growth capital round was led by I Squared Capital with participation from Zero Infinity Partners and other syndicate members. The revolving credit facility was secured from TriplePoint Capital. CheckSammy plans to utilize the strategic investments to enhance its ability to deliver transparent, measurable waste diversion and carbon reduction benefits to companies.
CheckSammy is the world's largest bulk waste and sustainability operator. The company is a nationwide provider of on-demand, same-day waste and bulk junk removal and sustainability services. CheckSammy utilizes proprietary technology, data-backed techniques, and exclusive partnerships with a vast network of respected sustainability vendors across the continent to move efficiently and tackle complex waste and recycling situations without being tied to a specific destination or solution.
I Squared Capital is an independent global infrastructure manager with over $38 billion in assets under management focused on investing in North America, Europe, Asia, and Latin America.
Zero Infinity Partners is pioneering the infra-tech investing category, investing in founders and companies looking to deploy innovative technologies and business ideas in the global infrastructure sectors, including energy, power, mobility, logistics, data, water, and waste.
TriplePoint Capital is a Sand Hill Road-based global investment platform which provides customized debt financing, leasing, direct equity investments and other complementary solutions to venture capital-backed companies in technology and other high growth industries.
Osler, Hoskin & Harcourt LLP advised CheckSammy with a team consisting of Mark Longo, Riley Graydon, Ian Morrison (Emerging and High Growth Companies), Kim Maguire (Tax), Martha Martindale and Matthew Di Prata (Financial Services).