& repeat to raise SEK 15 million from Alliance Venture and Stockholm angel investors.
& repeat, a Stockholm, Sweden-based recycling company, announced that it completed a SEK 15M ($1.8M) capital investment round.
The money was raised from Norway-based investment company Alliance Venture, joined by local Swedish investors Magnus Wiberg and Patrik Hedelin, both founders of a Swedish e-commerce VC called eEquity.
& repeat, founded in 2020 by CEO Tor Espen Steinvik, developed a deposit system for collecting disposable food packaging via the consumers of a 150 restaurants from Stockholm. The system is operated via a mobile app whereas customers scan a QR code on the packaging and gets a deposit back when they recycle.