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 Apr 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 4th amongst 125 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 Prive. 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
Social

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

4^th among 125 active competitors

Employee Count

10 as on Apr 30, 2026

Similar Companies

Rubicon & 73 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	2109256	Series B	4359229	3171536	6252367	1461936
Aug 17, 2016	9052911	Conventional Debt	6499983	4992570	9895631	European Investment Bank
Jun 01, 2016	7927031	Grant (prize money)	6790310	5909015	2363526	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 Apr 26. Here is Enevo's employee count trend over the years:

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Top competitors of Enevo include Rubicon, Algori and Prive. 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	Fifth Third Bank, Quad Partners & 25 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	Prive 2020, San Francisco (United States), Acquired	Platform offering intelligence solution for eCommerce businesses	$1.7M	Bling Capital, Xfund & 7 others	53/100
4th	Enevo 2010, Espoo (Finland), Acquired	Provider of a platform and sensors for waste management optimization	$38.7M	Foxconn Electronics, Tesi & 13 others	52/100
5th	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	51/100
6th	Enway 2017, Berlin (Germany), Acquired	Develops a sensor fusion tool to enable autonomous operation of specialty vehicles	$6.6M	Redalpine, Atlantic Labs & 5 others	49/100
7th	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
8th	Bigbelly Solar 2003, Newton (United States), Series A	Smart waste collection systems provider	$4.3M	MCRC, McCarthy Capital	47/100
9th	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
10th	Compology 2012, San Francisco (United States), Acquired	Visual camera and software solution for waste dumpster monitoring	$33M	August Capital, Accelerator Technology Holdings ... & 12 others	45/100