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Refinverse

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Provides industrial waste treatment services and performs recycled plastics manufacturing and sales business

Tokyo, JapanFounded 2003Energy
Valuation $48M Market cap · 2026
Revenue $10–50M Latest reported FY
EBITDA $3.1M Latest reported FY

About Refinverse

Refinverse Group operates as a recycled material manufacturer, positioning itself as a company that has discovered a metaphorical "oil field" in urban waste. Founded in 2003 by Akira Ochi, who currently serves as President and CEO, the company has focused on the circular economy for over two decades. The group holding company, REFINVERSE Group, Inc., was established in July 2021 and is publicly traded.

The company's core business revolves around transforming waste into valuable resources, a process it brands as "Waste to Wealth". It operates through two primary business segments: Recycled Resin Manufacturing and Sales, and Industrial Waste Treatment. The first segment involves processing discarded materials like carpet tiles and used fishing nets into recycled synthetic resin products. The second segment focuses on the collection, transportation, and intermediate processing of industrial and construction waste, mainly in the Tokyo metropolitan area. This integrated approach allows Refinverse to manage the entire recycling flow, from waste generation to the creation of new materials.

Refinverse produces several distinct products. REFINE POWDER is a recycled vinyl chloride compound derived from used carpet tiles, which is then sold back to major manufacturers for use in the backing of new Eco Mark-certified carpet tiles, as well as in soundproofing sheets and automotive parts. Another key product is REAMIDE, a recycled nylon resin suitable for injection molding, with applications in automotive components, home appliances, and fashion apparel. The company also developed the REFINE SHEET, a durable and reusable curing sheet made from recycled PVC, designed to replace single-use sheets in the construction and remodeling industry. Beyond manufacturing, Refinverse provides solutions to other businesses, offering expertise to support their sustainability goals, reduce CO2 emissions, and create circular economy models. This includes consulting on waste disposal cost reduction and developing applications for recycled materials.

Source: Dealroom company data

At a glance

Status
Listed
Founded
2003
Headquarters
Tokyo, Japan
Listing
IPO 2016
Sector
Energy
Power Law
Colt$25–100M revenue

Investors

3 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A3 investors entered at this stage

  • FFG Venture Business Partners
  • GxPartners
  • SBI Shinsei Bank
Employees 4 total headcount
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇯🇵 Japan · Tokyo HQ
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Web traffic by country
8.5K monthly visits
across markets
🇯🇵 Japan100%
Top 1 markets shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Refinverse 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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