When was Enevo founded?

Enevo was founded in 2010 and raised its 1st funding round 2 years after it was founded.

Where is Enevo located?

Enevo is headquartered in Espoo, Finland.

How many employees does Enevo have?

As of Jun 30, 2026, the latest employee count at Enevo is 10.

Is Enevo a funded company?

Enevo is a funded company, having raised a total of $38.7M across 8 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jan 31, 2012.

When was the latest funding round of Enevo?

Enevo's latest funding was a $***** Series B round on Sep 22, 2017, with participation from 4 investors.

Where does Enevo rank among its competitors?

Enevo ranks 3rd amongst 127 active competitors, of which 24 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Candam, which secured an undisclosed amount in Feb, 2026.

Who are the top competitors of Enevo?

Enevo's top competitors include Rubicon, Algori and Gastrograph. Among them, Candam secured the most recent funding round in February, 2026.

Enevo - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of a platform and sensors for waste management optimization. The platform offers tools to collect and analyze data from waste containers. This enables better control of waste operations and improved recycling rates. The platform provides features such as service schedule optimization and fill level alerts. It also offers reporting and API access for data integration. The system includes tools for automated capacity planning and in-cab truck management.

Website: enevo.com
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Key Metrics

Founded Year

2010

Location

Espoo, Finland

Stage

Acquired

Total Funding

$38.7M in 8 rounds

Latest Funding Round

Series B, Sep 22, 2017, $*****

Investors

Lifeline Ventures & 14 more

Ranked

3^rd among 127 active competitors

Employee Count

10 as on Jun 30, 2026

Similar Companies

Rubicon & 75 more

Exit Details

Acquired by Reen (Jun 08, 2021)

View Enevo's full profile

Enevo is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Enevolv Inc. CIN: 452212402 , United States, Active	Dec 31, 1999	-	15 (As on Dec 31, 2018)	-
Enevo, Inc. CIN: 20171652298 , United States, Deadpooled	Aug 28, 2017	-	-	-
ENEVO AS CIN: 917102686 , Norway, Active	Apr 05, 2016	-	107 (As on Dec 31, 2022)

Enevo got acquired by Reen on Jun 08, 2021.

Click here to take a look at Enevo's acquisition in detail

Enevo has raised a total funding of $38.7M over 8 rounds. Its first funding round was on Jan 31, 2012. Its latest funding round was a Series B round on Sep 22, 2017 for $*****. 4 investors participated in its latest round. Enevo has 14 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Enevo:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 22, 2017	8991843	Series B	3861294	9136436	1929240	6194505
Aug 17, 2016	8146833	Conventional Debt	8041127	2636858	1229056	European Investment Bank
Jun 01, 2016	4345393	Grant (prize money)	8135789	3583781	5673406	Europa

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View details of Enevo's funding rounds and investors

The founders of Enevo are Johan Engstrom and Fredrik Kekalainen.

Here are the details of Enevo's key team members:

Johan Engstrom: Former Co-Founder of Enevo.
Fredrik Kekalainen: Co-Founder of Enevo.
Contact Info: 1 email address

View details of Enevo's Founder profiles and Board Members

Enevo's employee count trend

Enevo has 10 employees as of Jun 26. Here is Enevo's employee count trend over the years:

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Top competitors of Enevo include Rubicon, Algori and Gastrograph. Here is the list of Top 10 competitors of Enevo, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Rubicon 2008, Portland (United States), Public	Provider of waste and recycling management solutions for various businesses	$272M	Rotunda Capital Partners, Quad Partners & 26 others	63/100
2nd	Algori 2019, Madrid (Spain), Series A	AI enabled consumer analytics solutions for retailers and brands	$8.73M	Change Ventures, Shilling Capital Partners ... & 7 others	54/100
3rd	Enevo 2010, Espoo (Finland), Acquired	Provider of a platform and sensors for waste management optimization	$38.7M	Foxconn Electronics, Draper & 13 others	52/100
4th	Gastrograph 2010, State College (United States), Acquired	Provider of AI-based flavor profiling analytics solutions for food manufacturers	$6M	Leawood Venture Capital, Global Brain & 10 others	50/100
5th	Candam 2017, Barcelona (Spain), Seed	Provider of recycling solutions using packaging recognition and fill-level sensor data	$1.21M	EIT InnoEnergy, ENION Partners & 5 others	49/100
6th	Bigbelly Solar 2003, Newton (United States), Series A	Smart waste collection systems provider	$4.3M	MCRC, McCarthy Capital	47/100
7th	Orchestro 1999, Mclean (United States), Acquired	Provider of data analytics firm catering to the CPG industry	$21.2M	Novak Biddle Venture Partners, Clark Enterprises ... & 2 others	46/100
8th	Compology 2012, San Francisco (United States), Acquired	Visual camera and software solution for waste dumpster monitoring	$33M	August Capital, Draper & 12 others	45/100
9th	Elevar 2016, Charleston (United States), Acquired	Cloud based analytics solutions for eCommerce	-	-	44/100
10th	Enway 2017, Berlin (Germany), Acquired	Develops a sensor fusion tool to enable autonomous operation of specialty vehicles	$6.6M	Redalpine, Atlantic Labs & 5 others	42/100