LoveJunk receives seed funding from Biffa plc
24 Aug 2021
LoveJunk receives seed funding from Biffa plcLoveJunk, the waste collection and reuse marketplace, is pleased to announce that it has received seed funding from leading sustainable waste management company Biffa plc.
LoveJunk is an app and web-based marketplace that connects licensed waste collectors and reuse organisations with people and businesses requiring on-demand removal of junk and bulky waste. The platform helps users find the best price possible, provides a secure online payment process, and ensures the waste is disposed of sustainably.
The investment by Biffa will be used to support LoveJunk’s rollout across the UK and further develop its product offering.
Jason Mohr, founder and CEO of LoveJunk, says: “We are delighted to welcome Biffa as a shareholder. In addition to the growth capital, the involvement of such a highly regarded industry player strengthens our credibility in the market and will help open commercial opportunities across both the private and public sector as we scale-up the business.”
Michael Topham, Chief Executive of Biffa, added: “The Covid-19 pandemic has accelerated digitisation in the waste sector. LoveJunk is an exciting example of this trend and of how technology can be used to harness the reach and capacity of smaller waste collection operators. Their marketplace model clearly has significant potential and the focus on reuse also fits well with our own strategy in this area. We look forward to working with the team.”
LoveJunk was launched in June 2020 as a spin out of tech waste business, AnyJunk. It currently operates throughout Greater London and also parts of Surrey and Kent.
For more information visit https://www.lovejunk.com/ or learn about the LoveJunk rubbish clearance marketplace at https://www.lovejunk.com/rubbish-clearance/