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Plastic Bank
Plastic Bank builds ethical recycling ecosystems in coastal communities and reprocesses the materials for reintroduction into the global manufacturing supply chain
About Plastic Bank
Plastic Bank is a social fintech enterprise dedicated to addressing the dual challenges of ocean plastic pollution and poverty. Operating globally, the company empowers communities to collect and recycle plastic waste, which is then used as a form of currency. This innovative approach not only helps reduce plastic waste in oceans but also provides a secure income and life-improving benefits for collectors. Plastic Bank partners with brands and consumers who are committed to sustainability, creating a circular economy where plastic waste is transformed into valuable resources. The business model revolves around collecting plastic waste, converting it into currency, and selling recycled plastic to companies that aim to reduce their environmental footprint. Revenue is generated through partnerships with brands and the sale of recycled plastic materials.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2013
- Headquarters
- Vancouver, Canada
- Employees
- 184
- Open positions
- 11
- Dealroom signal
- 71.5/100
- Sub-industry
- Water, Waste Solution
- Sector
- Energy, Recycling, Plastic, Waste Reduction, Sustainable Development Goals, Plastic Pollution, Climate Tech, Circular Economy, Blue Economy, Water Management
- Technology
- Blockchain
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VC✓Equity / VC | Jun 2023 | $0 | — | Ethos Asset Management | ↗ |
Growth signals
Latest recorded traffic for Plastic Bank is 51K monthly website visits, up 70% over the last three months. Plastic Bank's team grew 4% over the past year.
Open positions
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later1 investor entered at this stage
Ethos Asset Management
Other known investors1 additional known investor
Unreasonable Group
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Plastic Bank on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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