CheckSammy announces $45M strategic investment

CheckSammy, a Dallas-based bulk waste and sustainability operator, has announced a $45 million strategic investment to enhance its waste diversion and carbon reduction offerings.

The growth equity round is led by I Squared Capital, Miami, with Zero Infinity Partners, New York. CheckSammy also has entered a growth capital and revolving credit facility with TriplePoint Capital LLC, Menlo Park, California. This is Zero Infinity Partners’ second investment in CheckSammy. Ross Berger from I Squared Capital and John Kwaak from Zero Infinity Partners will join CheckSammy’s board of directors as part of the funding agreement.

“The continued support of our work allows us to accelerate our mission to build waste diversion technology and data aggregation,” CheckSammy CEO and Founder Sam Scoten says. “We look forward to expanding our role as enablers of the circular economy by providing new tools to strategically optimize our clients’ ESG [environmental, social and governance] scores and diversion efforts.”  

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The funding will support the launch of Veridiant, CheckSammy’s sustainability software platform, which provides diversion analytics, carbon inset and offset capabilities, a materials marketplace and integrates with customers’ existing ESG technology stack.

“CheckSammy has quickly established itself as a leading provider of bulk junk removal services in North America,” says Kevin Crull, managing director and InfraTech fund partner at I Squared Capital. “The company is providing an essential service to enterprise customers, while delivering tangible sustainability benefits, primarily in the form of landfill diversion. CheckSammy is a natural fit at I Squared, and we are pleased to partner with them as they expand their operations and deepen their technology leadership in the waste sector.” 

CheckSammy operates a two-sided marketplace, connecting independent waste haulers and service providers with enterprise customers. The company says the marketplace model enables “seamless” national contracting and service coverage across North America.