From Slush to sustainable materials: Ambio raises €5.1M for AI-powered plastics procurement
Helsinki-based startup Ambio has raised a €5.1 million seed round led by b2venture, with participation from Montis and existing investor Lifeline Ventures, to bring greater trust, reliability, and spe...
Helsinki-based startup Ambio raised €5.1 million in seed funding to streamline recycled plastics procurement with an AI-powered platform. Co-founders Tommi Bergström and Elmo Pakkanen aim to improve trust, reliability and speed in sourcing, assessing and trading recycled plastics. The fragmented supply and inconsistent quality of recycled plastics is a major hurdle in the market, with 50,000 companies using plastics as raw materials in the EU, compared to approximately 1,500 recycling them.
Ambio addresses these challenges by providing a structured dataset of recycled plastics suppliers and their available materials, using AI to match materials to manufacturers' specific requirements.
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