Cleanhub in a €3 million funding round backed by Lakestar, 468 Capital, Übermorgen Ventures and Pirate Impact Capital.

Cleanhub, a Berlin, Germany-based operator of a B2B marketplace for brand environmental impact, announced that it secured a €3 million ($3.7M) funding round.

The money was raised from a range of investors including Lakestar, 468 Capital, Übermorgen Ventures and Pirate Impact Capital as well as angel investors Andreas Brenner, Marc Stöckli, Charles Songhurst, Erik Hahnloser and Friedrich Neuman.

Cleanhub, founded in 2020 by CEO Bosse Rothe, Joel Tasche and Florin Dinga, developed a digital platform that enables the large scale collection of plastic waste in coastal regions while offering solutions for brands to have verifiable environmental impact. The company works in global partnerships to recover plastic waste from the natural environment, while its traceability technology keeps account of the person, quantity, quality and location of all activities.

Recovering plastic from the environment involves three distinct operations. Firstly the collection of plastic from the environment, secondly the sorting of plastic into its unique types and thirdly the safe and final treatment.

Cleanhub developed a platform that connects all parties, and have them use our APP to keep account of the person, quantity, quality and location for all plastic that is recovered. The platform then is used for providing full transparency into the data as evidence for the actual completion of all activities.

The company says it worked with more than 70 brands to date and has already recovered plastic from the environment in India, Indonesia, Tanzania and Brazil that is equivalent to the weight of more than 20 million water bottles.