Unlock a new era in waste management: Convert any bin into smart, elevating recycling to new heights
Business overview
Location | Barcelona, Spain |
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Social media | |
Website | candam.eu/ |
Sectors | SaaS/PaaS Mixed Digital/Non-Digital B2B |
Company number | B66947367 |
Incorporation date | 9 Feb 2017 |
Investment summary
Business highlights
- Tech capable of identifying materials via acoustic AI
- 11 commercial agreements and 2 offices (UAE, PL)
- Revenue nearly hit €1M in 2023
- Ongoing patenting processes and ownership of all technology
Idea
Introduction
Candam Technologies is a deep tech company based in Barcelona. Our mission is to ensure that every citizen receives a fair reward for their recycled packaging, thanks to our technology.
♻️ 1. Return & Earn Schemes – RecySmart is an IoT device able to transform any single bin into a Smart. It can identify users and characterize packaging material recycled by citizens. This valuable data enables waste managers and the retail industry to reward or refund them for their correct recycling actions to increase the packaging recovery rates.
🤖 2. Smart Waste – Optimize Waste Collection: Candam offers a wide range of technology to optimize waste collection where recently we have been adjudicated with the largest deployment in the EU.
💲 Secured €4 M through private equity and prestigious EU grants. We have established 11 commercial agreements in multiple countries like Spain, Portugal, the UK, the Gulf Region, etc. In 2023, revenue nearly hit €1M.
Monetisation strategy
Our revenues come from:
📈 RECYSMART DEVICE SALES
1) the initial sale of RecySmart devices to our main clients, private waste management companies, providing services to municipalities or retail industry, gas stations, among others. The price ranges from 600 to 1300 € depending on the quantity of devices purchased per order.
🖥️ SAAS - Software as a Service
2) the recurrent Software as a Service for each installed device. The SaaS is on a monthly fee for enabling the use of our Citizen App, our Return and Earn platform, and our Backoffice in the project. The SaaS fee ranges from 5 to 10 € per device per month.
Additionally, per each project delivered we charge the expenditures associated with the installation and maintenance fees in case our client requests a turn-key project.
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