CompostNow, a startup that offers home, office or restaurant delivery of composting bins, regular pick-up of composted material and delivery of soil to be used in home or community gardens, is attracting interest from investors.
The Raleigh-based firm has raised $300,000 from investors, according to securities filings.
The funding, which is a mixture of debt and equity, came from five investors, one of whom is backing the firm with $75,000. The minimum investment was $25,000, the filing notes.
CompostNow launched in 2011 and says it has now “diverted” nearly 3 million pounds of “compostables” then created hundreds of thousands of pounds of compost for use by customers or to be donated.
Earlier this year, CompostNow acquired a rival company, Tilthy Rich, in Durham.
The company provides service in Asheville as well as the Triangle.
CEO Justin Senkbeil and two others started CompostNow
Its processing partners include Brooks Contractor in Eastern N.C. and Danny’s Dumpster in Western N.C.
