About Covanta
Covanta is a company based in Morristown (United States) founded in 1983 was acquired by EQT in July 2021.. Covanta has completed 10 acquisitions, including BIOLOGIC, Buffalo Fuel and CIRCON Environmental. Covanta offers products and services including ReDirect360, ReKiln Fuels, ReDrop Wastewater Solutions, and ReMove Waste Logistics. Covanta operates in a competitive market with competitors including Lakeshore Recycling, CMC, TerraCycle, Vertex Energy and Coastal Waste & Recycling, among others.
- Headquarter Morristown, United States
- Stage Public
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Sectors
Environment
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Phone
*********
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Website
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Social
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- Legal Name Reworld Waste, Llc
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Products & Services of Covanta
Covanta offers a comprehensive portfolio of products and services, including ReDirect360, ReKiln Fuels, ReDrop Wastewater Solutions, and ReMove Waste Logistics. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for achieving zero waste-to-landfill through diversion strategies.
Service converting waste into alternative fuels for energy recovery.
System for treating and recycling industrial wastewater effectively.
Logistics for efficient waste transportation and handling processes.
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Leadership Team
14 people
Sales and Marketing
13 people
Finance and Accounting
12 people
Human Resources and Administration
10 people
Software Development Team
7 people
Senior Team
3 people
Product Management Team
2 people
Safety Team
1 people
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Funding Insights of Covanta
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $50.0M
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First Round
First Round
(01 Mar 2012)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2019 | Amount | Debt – Conventional - Covanta | Valuation |
investors |
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| Aug, 2018 | Amount | Debt – Conventional - Covanta | Valuation |
investors |
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| Mar, 2012 | Amount | Debt – Conventional - Covanta | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Covanta
Covanta has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include EQT. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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EQT is recognized as a global investment organization focused on value creation.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Covanta
Covanta has strategically engaged in corporate development activities, having acquired 10 companies. Notable acquisitions include BIOLOGIC, Buffalo Fuel and CIRCON Environmental. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Wastewater management services are provided in the United States.
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2014 | ||||
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Hazardous and non-hazardous waste and wastewater treatment services are provided.
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2013 | ||||
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Triple pass drying systems are distributed by Frontier Fibers.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Covanta
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Covanta Comparisons
Competitors of Covanta
Covanta operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Lakeshore Recycling, CMC, TerraCycle, Vertex Energy and Coastal Waste & Recycling, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Waste recycling services are provided across the United States.
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| domain | founded_year | HQ Location |
CMC is engaged in metal recycling and steel production.
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| domain | founded_year | HQ Location |
Waste recycling services for hard-to-recycle plastics are provided.
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| domain | founded_year | HQ Location |
Waste recycling services in the oil industry are provided.
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| domain | founded_year | HQ Location |
Solid waste disposal and recycling services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Covanta
Frequently Asked Questions about Covanta
When was Covanta founded?
Covanta was founded in 1983 and raised its 1st funding round 29 years after it was founded.
Where is Covanta located?
Covanta is headquartered in Morristown, United States. It is registered at Morristown, New Jersey, United States.
What does Covanta do?
Covanta was established in 1983 and is based in Morristown, United States. Activities are centered on the environmental services sector, with operations involving waste recycling and recovery processes. Services encompass collection, processing, and conversion of waste materials into usable resources, including energy generation. Facilities are maintained across North America to handle municipal and industrial waste streams, supporting diversion from landfills and compliance with regulations.
Who are the top competitors of Covanta?
Covanta's top competitors include Vertex Energy, Coastal Waste & Recycling and Lakeshore Recycling.
What products or services does Covanta offer?
Covanta offers ReDirect360, ReKiln Fuels, ReDrop Wastewater Solutions, and ReMove Waste Logistics.
How many acquisitions has Covanta made?
Covanta has made 10 acquisitions, including BIOLOGIC, Buffalo Fuel, and CIRCON Environmental.
Who are Covanta's investors?
Covanta has 1 investor. Key investors include EQT.