Edinburgh-based Topolytics has received a £1.5 million funding boost, enabling the company to launch its WasteMap solution and extend the business commercially.

Several investors, as well as a grant from UK Research and Innovation (UKRI) contributed to the funding, after the business targeted private investors who could bring experience in scaling data analytics and SaaS businesses globally.

“Topolytics has a growing global reputation for the insights available through our WasteMap® platform. It helps waste producers and recyclers to drive resource and cost efficiencies, to trace the movement of waste and measure their impact, whilst validating performance and improving the quality and reliability of ESG and carbon reporting,” said Michael Groves, CEO of Topolytics.

The company’s WasteMap platform generates insights for waste producers, enabling greater materials recovery and enhance ESG reporting to reduce carbon emissions.

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“Topolytics is delighted to secure investment from high-net-worth investors who bring significant depth of experience in globally scaling data analytics and software businesses.  It’s a privilege to get the backing of such high calibre individuals from both sides of the Atlantic to support our international growth,” said Jane Stewart, Director of Topolytics.

The company is set to aid waste producers and the waste sector to process and analyse complex waste ‘supply chain’ data across multiple sites, regions, and countries.

With the new funding, the company plans to accelerate development of the platform and support its UK and international expansion plans.

It is a privilege to be working with some leading players in their sectors, UK and international businesses alike, that see great commercial and environmental benefit from taking a fresh look at waste,” Groves added.

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