Hong Kong – April 15, 2025 — The United Nations Environment Programme projects that global solid waste will rise by 80%, reaching 3.78 billion tons annually by 2050. In APAC, businesses face increasing pressure to reduce waste, yet many lack reliable measurement methods.
Spare-It addresses this issue with the first in-building waste metering platform, offering real-time insights to help organizations identify contamination, reduce waste, and optimize sourcing, resulting in cost savings.
Investors are taking note: Recently, Spare-It secured a $4M investment led by Credit Mutuel Equity, joined by existing investors Peugeot Invest and Robin Capital, to enhance research and development and expand its global footprint.
CEO Laurent Canneva stated, “This investment underscores a growing recognition that businesses need authentic, actionable waste data to drive meaningful change.” Industry leaders across various sectors are partnering with Spare-It, scaling their efforts from individual buildings to larger portfolios.
Spare-It has strengthened its leadership team with new board members, including Ludovic Andre from Crédit Mutuel Equity, Eric Gelle, SVP of Sales SaaS, and Cynthia Curtis, Corporate Sustainability. Andre noted, “Their innovative platform uses AI to bridge the waste data gap, providing actionable insights that drive growth.”
With this round of funding, Spare-It will accelerate the development of its platform, including the introduction of AI-powered predictive models, benchmarking tools, and personalized recommendations using aggregated waste data. The company will also enhance its API integrations, providing clients with greater flexibility to leverage their data for ESG reporting and building management systems.