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Safi

AI-powered platform for international recyclables trading

Overview

Safi.co operates a tech-driven platform for trading feedstock recyclables on an international scale. It connects sellers and buyers through an online marketplace, enabling sellers to demonstrate material quality and buyers to verify what they receive, with AI-powered quality control to improve pricing accuracy. The platform provides access to a global network of counterparties and streamlines the trading process with just a few clicks. What sets Safi apart is its combination of an international marketplace, AI-enhanced quality assurance, and end-to-end trade facilitation, offering transparency and confidence across the supply chain. The company aims to boost recycling efficiency, reduce reliance on virgin materials, and make participation in recycling easier, more economical, and more scalable for a wide range of clients.

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About Safi

Simplify's Rating
Why Safi is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsIndustrial & ManufacturingEnterprise SoftwareAI & Machine Learning

Company Size

51-200

Company Stage

Series A

Total Funding

$30.3M

Headquarters

London, United Kingdom

Founded

2021

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Simplify's take

What believers are saying

  • The 2026 job post cites one of the world's largest recycling plants as a customer.
  • Safi also claims a top-five global aluminium smelter and a national plastic-waste processor.
  • Lowercarbon, Nosara, and Transition backed Safi after its 2023 $19.5 million Series A.

What critics are saying

  • No funding followed the November 2023 Series A; growth now depends on operating execution.
  • Commodity traders and entrenched brokers already own supply relationships, squeezing Safi's take rate.
  • If quality verification fails, recyclers and smelters revert to incumbents, killing marketplace liquidity.

What makes Safi unique

  • Safi digitizes recyclable trading, quality control, payments, and logistics in one workflow.
  • Its computer vision verifies feedstock quality before sale, reducing buyer distrust and rejects.
  • By 2026, Safi claims customers across plastic, metals, and industrial recycling globally.

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Funding

Total Funding

$30.3M

Above

Industry Average

Funded Over

3 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
$15M
$19.5M
$30M

Benefits

  • Health Insurance
  • Paid Vacation
  • Wellness Program
  • Professional Development Budget
  • Home Office Stipend
  • Commuter Benefits
  • Company Equity
  • Remote Work Options
  • Flexible Work Hours

Company News

Business Insider
Nov 24th, 2023
Safi just raised $19.5 million for its B2B recycling marketplace. We got an exclusive look at the pitch memo it used to secure the funds.

The Series A funding was led by Nosara Capital, with participation from Lowercarbon Capital and Transition.

Business Insider
Nov 24th, 2023
Safi just raised $19.5 million for its B2B recycling marketplace. We got an exclusive look at the pitch memo it used to secure the funds.

Safi just raised $19.5 million for its B2B recycling marketplace.

TechCrunch
Mar 2nd, 2022
TrueCircle scoops $5.5M to use AI to drive recycling efficiency

UK-based TrueCircle, a computer vision startup founded just last year, has nabbed $5.5 million in pre-seed funding in a bid to bring data-driven AI to the recycling industry to improve recovery rates and quality — with the overarching goal of transforming the economics of waste reuse to shrink demand for virgin materials. So far the […]

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