Recyle Track Systems

Recyle Track Systems

Commercial waste management and recycling services

About Recyle Track Systems

Simplify's Rating
Why Recyle Track Systems is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Social Impact

Consumer Goods

Company Size

51-200

Company Stage

Late Stage VC

Total Funding

$148M

Headquarters

New York City, New York

Founded

2014

Overview

Recycle Track Systems (RTS) focuses on commercial waste management by offering a variety of services aimed at reducing environmental impact. Their services include fully integrated waste management solutions, on-demand waste removal, and tailored recycling and sustainability plans for businesses and communities. RTS utilizes technology to improve operations and enhance customer experience, allowing clients to schedule pickups, track waste management activities, and receive notifications through their app. Unlike many competitors, RTS conducts in-person analyses to create customized waste diversion strategies and optimal pickup schedules based on each client's needs. The company's goal is to help clients manage waste efficiently and sustainably while providing reliable support and transparent pricing.

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Simplify's Take

What believers are saying

  • RTS secured $40M to enhance AI innovation and expand sustainable solutions.
  • RTS's partnership with Kansas City Royals boosts its Midwest expansion.
  • RTS's acquisition of Cycle Technology enhances recycling through gamification and rewards.

What critics are saying

  • Increased competition from AI-driven waste management startups threatens RTS's market share.
  • Potential regulatory changes in NYC could impact RTS's operations and profitability.
  • Economic downturns may reduce client budgets for sustainability initiatives, affecting demand.

What makes Recyle Track Systems unique

  • RTS uses AI-powered Pello sensors for real-time waste data collection.
  • RTS offers app-based on-demand waste pickup services for customer convenience.
  • RTS designs customized waste management plans tailored to client needs.

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Funding

Total Funding

$148M

Above

Industry Average

Funded Over

6 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

15%
The Middle Market
Feb 7th, 2025
Portco Alleges Investor Attempted Hostile Takeover

RTS says it staved off default by accepting $40 million in funding on less favorable terms from existing investors led by Edison Partners.

PR Newswire
Jan 24th, 2025
RTS Secures $40M for AI Innovation

Recycle Track Systems (RTS) has secured over $40 million in financing to enhance AI innovation and expand sustainable waste solutions across North America. Led by Edison Partners, with participation from Volition Capital and others, the funding will accelerate RTS's deployment of AI-powered Pello sensors, enabling real-time waste data collection. RTS has also secured a ten-year contract in NYC, advancing sustainability initiatives with local haulers.

CSR Company
Apr 12th, 2024
TRUE Zero Waste Certification: Tapestry Hits Milestone in Efforts To Reduce Operational Waste

As a part of the certification process, Csr Company partnered with the sustainability team at Recycled Track Systems (RTS) and established some programs and initiatives at its Workshop, including but not limited to:

PR Newswire
Mar 20th, 2024
Kansas City Royals And Rts Forge Strategic Partnership For Enhanced Sustainability At Kauffman Stadium

KANSAS CITY, Mo., March 20, 2024 /PRNewswire/ -- The Kansas City Royals and Recycle Track Systems, Inc. (RTS), a leader in waste management and recycling solutions with their leading-edge Artificial Intelligence tracking platform, are pleased to announce a strategic partnership aimed at elevating sustainability efforts at Kauffman Stadium. Beginning with the 2024 season, this collaboration represents a forward-thinking approach to environmental stewardship within the sports arena. Kansas City Royals and RTS Forge Strategic Partnership for Enhanced Sustainability at Kauffman Stadium. RTS is excited to extend its reach into Kansas City, continuing its rapid expansion in the Midwest that has spread from its Columbus, Ohio office. The new partnership signifies RTS's commitment to enhancing its footprint in the region and amplifying its sustainability initiatives across the Midwest

PR Newswire
Feb 13th, 2023
Recycle Track Systems announces acquisition of Cycle Technology

Recycle Track Systems, Inc. (RTS), has acquired Cycle Technology, Inc. (Cycle), including its reverse vending machine (RVM) technology and recycling rewards platform, as part of ongoing commitment to increase innovation by expanding recycling through engagement programs, like gamification and rewards.

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