Netherlands-based waste management startup Excess Materials Exchange (EME) has secured $5 million in Series A funding, led by Wa’ed Ventures, the venture capital arm of Saudi Aramco.
The funding will support EME in localizing its technology in Saudi Arabia, expanding into new markets, and enhancing its IoT and AI-driven platform that helps organizations transform waste into valuable resources.
EME tracks and matches materials to maximize reuse, recovery, and recycling, contributing to reduced carbon emissions and improved resource efficiency. Founder and CEO Christian Van Maaren emphasized:
“Our mission is to unlock high-value solutions for waste while embedding circular principles into businesses.”
This investment aligns with Saudi Arabia’s Vision 2030 sustainability goals and highlights growing global efforts to adopt circular economy practices.
News Source:forbesmiddleeast，This article does not represent our position.
