General Atlantic’s climate investing venture BeyondNetZero has provided growth capital to early-stage waste management company RoadRunner Recycling. BeyondNetZero, which is targeting $4 billion for its inaugural fundraise, committed $70 million in Series D funding to RoadRunner, which is using machine-learning technology to recycle waste efficiently. The company has already diverted more than 200,000 tonnes of waste from landfills across 8,000 US locations. Press release here.
In brief: BeyondNetZero invests growth capital in waste management
General Atlantic has invested from its climate change fund, which is targeting $4 billion.