Food waste recovery startup Industrial/Organic, a provider of lower-cost, lower-impact organic recycling solution via a network of urban biorefineries, announced today that it closed a $1.3 million seed round of fundraising led by Brooklyn Bridge Ventures. The first Industrial/Organic commercial scale facility is set to open in Newark by the end of 2017 to serve the New York Metro area.
Industrial/Organic brings organic waste infrastructure to urban areas with a distributed network of modular facilities that are owned and operated by the company. A multi-step mechanical and biological process rapidly stabilizes wasted food and other biodegradable materials to be converted into new sustainable products. The water, organic chemicals, nutrients and energy potential present in food are recovered in a shorter time frame at a fraction of the cost of competitive waste solutions.
“Industrial/Organic is a great example of the kind of investment I’m excited to make at Brooklyn Bridge Ventures. I feel very lucky to have gotten in on the ground floor of such a game changing company,” said Charlie Donnell, Partner and Founder at Brooklyn Bridge Ventures, in Brooklyn, NY. “I can’t wait for the upcoming launch of their first commercial facility. The fact that this company was basically a science project in a garage just a year ago is a testament to how impressive this team is.”
Learn more about Industrial/Organic at www.industrialorganic.co