About RTS
RTS is a company based in New York (United States) founded in 2015 by Gregory R Lettieri. It operates as a SaaS (Software-as-a-Service), On-Demand Services, and Managed Services. RTS has raised $110.48 million across 6 funding rounds from investors including StepStone Group, Greenspring Associates and Partnership for New York City. The company has 402 employees as of September 30, 2020. RTS has completed 4 acquisitions, including Ambrosia, Elytus and RTS Canada. RTS offers products and services including Smart Bin Sensors - Pello, Reverse Vending - Cycle, Recurring Waste Services, On-Demand Collection, and Sustainability Programs. RTS operates in a competitive market with competitors including WeVOIS Labs, Seenons, Reconomy, Dimension and Waste Harmonics, among others.
- Headquarter New York, United States
- Employees 402 as on 30 Sep, 2020
- Founders Gregory R Lettieri
- Stage Minicorn
-
Sectors
Environment
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$110.48 M (USD)
in 6 rounds
-
Latest Funding Round
$40 M (USD), Series C
Jan 24, 2025
-
Investors
StepStone Group
& 7 more
-
Employee Count
402
as on Sep 30, 2020
-
Investments & Acquisitions
Ambrosia
& 3 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of RTS
RTS offers a comprehensive portfolio of products and services, including Smart Bin Sensors - Pello, Reverse Vending - Cycle, Recurring Waste Services, On-Demand Collection, and Sustainability Programs. 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.
Smart sensors for monitoring waste levels are provided.
Reverse vending machines for recycling are offered here.
Regular waste collection services are managed for clients.
On-demand waste pickup services are arranged via app.
Programs for sustainability goals are developed for businesses.
Unlock access to complete
Funding Insights of RTS
RTS has successfully raised a total of $110.48M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $40 million completed in January 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series C — $40.0M
-
First Round
First Round
(25 Feb 2015)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Series C - RTS | Valuation | Edison Partners | |
| Jun, 2021 | Amount | Series C - RTS | Valuation | Citi Ventures | |
| Feb, 2019 | Amount | Series B - RTS | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in RTS
RTS has secured backing from 8 investors, including venture fund investors. Prominent investors backing the company include StepStone Group, Greenspring Associates and Partnership for New York City. 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 |
|---|---|---|---|---|
|
Provider of a growth equity firm for adaptive and personalized plans
|
Founded Year | Domain | Location | |
|
Venture capital investments are directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Diversified asset management firm and private fund focused on debt, equity, and secondary market investments in multiple sectors
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by RTS
RTS has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Ambrosia, Elytus and RTS Canada. 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 |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Food safety testing and waste management services are provided.
|
2018 | ||||
|
Commercial waste disposal services are provided across North America.
|
2008 | ||||
|
Provider of solid waste & recycling, trap cleaning, and oil recovery services
|
2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - RTS
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rts Comparisons
Competitors of RTS
RTS 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 WeVOIS Labs, Seenons, Reconomy, Dimension and Waste Harmonics, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Eco-friendly waste management services are delivered via IoT and automation.
|
|
| domain | founded_year | HQ Location |
Provider of solutions for waste collection
|
|
| domain | founded_year | HQ Location |
Waste management and recycling solutions are offered globally.
|
|
| domain | founded_year | HQ Location |
Dimension is engaged in providing waste management and recycling services.
|
|
| domain | founded_year | HQ Location |
Waste collection services are delivered using proprietary software solutions.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Rts
Frequently Asked Questions about RTS
When was RTS founded?
RTS was founded in 2015.
Where is RTS located?
RTS is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of RTS?
Gregory R Lettieri is the current CEO of RTS. They have also founded this company.
Is RTS a funded company?
RTS is a funded company, having raised a total of $110.48M across 6 funding rounds to date. The company's 1st funding round was a Series B of $23.52M, raised on Feb 25, 2015.
How many employees does RTS have?
As of Sep 30, 2020, the latest employee count at RTS is 402.
What does RTS do?
RTS is involved in providing innovative waste management and recycling solutions for businesses and communities. Services are offered across various industries including grocery stores, hospitals, hotels, municipalities, and universities. Smart technologies like bin sensors and reverse vending machines are integrated to enhance efficiency. Sustainability programs and on-demand collection services are provided to meet environmental goals. Operations are expanded across North America, with a focus on reducing landfill waste and promoting recycling initiatives.
Who are the top competitors of RTS?
RTS's top competitors include WeVOIS Labs, Seenons and RecycleSmart.
What products or services does RTS offer?
RTS offers Smart Bin Sensors - Pello, Reverse Vending - Cycle, Recurring Waste Services, On-Demand Collection, and Sustainability Programs.
How many acquisitions has RTS made?
RTS has made 4 acquisitions, including Ambrosia, Elytus, and RTS Canada.
Who are RTS's investors?
RTS has 8 investors. Key investors include StepStone Group, Greenspring Associates, Partnership for New York City, Edison Partners, and Volition Capital.
What is RTS's valuation?
The valuation of RTS is $260M as of Jun 2021.