Romco Raises $6.2M In Series A Equity Round And Reaches A Valuation Of $180M
03/02/22, 7:00 AM
Location
Money raised
$6.2 million
Round Type
series a
Romco, an international metals recycler producing clean and sustainable essential metals that decarbonise the global supply chain, has announced a $6.2million investment to expand its operations and immediately drive revenue growth.
Company Info
Location
london, ontario, canada
Additional Info
The additional capital will enable upgrades to existing facilities and increase feedstock capacity for them to process into quality, truly low-carbon materials.”Romco currently operates metals recycling sites across Sub-Saharan Africa. Romco is perfectly positioned to capitalise on the growth of this market, aiming to increase Africa’s rate of recycling to 5% in the next five years by opening five more factories to produce secondary materials from all coasts of the African continent.