COMPANY PROFILE

Avertana

Circular economy technology to refine steelmaking waste into essential raw materials used to make everyday products with zero waste, no mining, less cost, and much lower CO2 emissions

Auckland, New ZealandFounded 2014Chemicals

Valuation $50–100M Last recorded · 2017

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About Avertana

Avertana is a process technology company scaling up a proprietary pathway to transform waste slag from certain steel mills into a suite of mineral and chemical raw materials essential for making everyday products like paint, plastics, paper, fertilizers and building materials.

We collaborate with large industrial customers in steel, pigment, and diversified chemical manufacturing to build greener value chains and reduce cost and complexity. Our licensed technology unlocks value from solid steel making waste and provides a sustainable alternative to legacy pathways for making pigment and suite of other industrial goods.

Our technology and products are already proven a lab, pilot, and industrial pilot scale, and we are now working with our customer and engineering partner to design and construct a demonstration plant that will produce thousands of tonnes per year of products and act as a steppingstone to a first commercial plant.

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At a glance

Status: Operational
Founded: 2014
Headquarters: Auckland, New Zealand
Employees: 25
Open positions: None listed
Dealroom signal: 65.9/100
Sector: Chemicals, Recycling, Steel, Waste Reduction, Sustainable Development Goals, Urban Tech, Advanced Materials, Climate Tech, Green Buildings, Circular Economy, Metal, NZ tech startup
Technology: Deep Tech
Business model: Manufacturing
Client focus: b2b
Links: Website LinkedIn

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Funding history

9 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
SERIES BEquity / VC	May 2024	$3.6M	$14M	Icehouse Ventures · Pacific Channel · Accident Compensation Corporation	—
SERIES BEquity / VC	May 2023	$2.4M	$9.4M	Icehouse Ventures	—

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Growth signals

Avertana website traffic

Latest recorded traffic for Avertana is 300 monthly website visits, down 3.2% over the last three months. Avertana's team declined 7.4% over the past year.

Latest monthly visits300 3-month web change-3.2% 1-year team growth-7.4%

Monthly website visitsDec 2018–Jan 2026

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