Re-Match named among most promising impact startups
The 50 leading green entrepreneurs in the Nordic and Baltic region have been announced
As the reduction of CO2-emmissions continues to be a focus point for many industrialised countries in their contribution to delivering on the UN’s 17 Global Goals, it is clear that if those climate goals are to be reached, it is necessary to employ new technologies and to promote those companies who are able to develop them. In the Nordic and Baltic region, where some countries have CO2-reduction targets of as much as 70%, the Nordic Impact Business Summit has been established to support this effort.
Every year the organiser, The One Initiative, analyses the business cases of more than 1.000 companies in the region and then selects the 50 most promising impact startups. These companies are invited for the summit where they will meet 200 potential investors who gather to find the right match for investment capital and impact mandate.
For 2020 Re-Match have been named among those impact startups which have the best solutions in the region and will be participating in the exclusive summit in the fall.
“We are happy to receive this recognition and opportunity in competition with so many innovative companies in perhaps the most environmentally conscious region of the world,” says CEO of Re-Match, Dr. Stefaan Florquin and continues: “It is yet another recognition of our efforts at Re-Match and it is indeed motivating to see that the importance of combatting the negative impact of a massive global waste stream, the equivalent of 67Bn plastic, represented by worn-out turf is something that is receiving more and more attention.”
Events such as the Nordic Impact Business Summit is also an indication that impact investments are becoming increasingly attractive to professional investors and that companies like Re-Match can expect to see increasing interest and valuations in the near future.
For lead investor in Re-Match, Nordic Alpha Partners (NAP), impact investing and economic sustainability is already at the core of the growth fund’s investment strategy. ”This nomination is a great validation of how we at Nordic Alpha Partners are succeeding in seeking out global, highly scalable investments, that provide substantial improvements to both environment and social infrastructures. In the case of Re-Match, we and the other investors are contributing to environmentally conscious expansion of sports globally, while creating wealth and jobs on free market terms in all the countries where we are setting up factories. This is what economic sustainability investments is all about.” says Laurits Bach Sørensen, partner in NAP and chairman of Re-Match.
Re-Match was founded in 2015 and its first recycling plant was operational in 2016. The patented recycling process is able to convert up to 95% of the waste stream into high value recyclable products. The company is growing 100% YoY (2018 vs 2019) and is now in the process of building 2 additional factories – one in the Netherlands and one France, as a first step towards setting up +20 factories covering all of EU and North America.
