RALEIGH — 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 more interest from investors.
The Raleigh-based firm has raised $$1.97 million, according to securities filings.
Eight investors contributed to the round, with a $50,000 minimum investment accepted from any outside investor.
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.
Back in 2017, CompostNow acquired a rival company, Tilthy Rich, in Durham.
The company provides service in Asheville as well as the Triangle.
CEO Justin Senkbeil, who signed the filing, and two others started CompostNow.
Its processing partners include Brooks Contractor in Eastern N.C. and Danny’s Dumpster in Western N.C.