About Varennes Carbon Recycling
Varennes Carbon Recycling is a company based in Varennes (Canada) founded in 2019 was acquired by Stormfisher in October 2025.. Varennes Carbon Recycling has raised $94.31 million across 2 funding rounds from investors including Stormfisher and Gouvernement du Québec. Varennes Carbon Recycling offers products and services including Biomethanol and Green Hydrogen. Varennes Carbon Recycling operates in a competitive market with competitors including Vertex Energy, Covanta, Lakeshore Recycling, CMC and Coastal Waste & Recycling, among others.
- Headquarter Varennes, Canada
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Sectors
Environment
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$94.31 M (USD)
in 2 rounds
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Latest Funding Round
$124.09 M (USD), Debt – Conventional
Aug 24, 2022
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Investors
Stormfisher
& 1 more
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Employee Count
Employee Count
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Acquired by
Stormfisher
(Oct 15, 2025)
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Products & Services of Varennes Carbon Recycling
Varennes Carbon Recycling offers a comprehensive portfolio of products and services, including Biomethanol and Green Hydrogen. 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.
Produces biomethanol from waste to reduce emissions and support energy needs.
Generates green hydrogen from biomass for industrial and environmental applications.
Funding Insights of Varennes Carbon Recycling
Varennes Carbon Recycling has successfully raised a total of $94.31M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $124.09 million completed in August 2022. 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 2
- Last Round Debt – Conventional — $124.1M
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First Round
First Round
(24 Aug 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Series C - Varennes Carbon Recycling | Valuation | Quebec |
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| Aug, 2022 | Amount | Debt – Conventional - Varennes Carbon Recycling | Valuation |
investors |
| 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 Varennes Carbon Recycling
Varennes Carbon Recycling has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Stormfisher and Gouvernement du Québec. 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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Government services are provided to residents of Québec, Canada.
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Founded Year | Domain | Location | |
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Organic waste, energy, and water recycling services are provided globally.
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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 Varennes Carbon Recycling
| 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 |
Financial Statements - Varennes Carbon Recycling
| 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 |
Varennes Carbon Recycling Comparisons
Competitors of Varennes Carbon Recycling
Varennes Carbon Recycling 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 Vertex Energy, Covanta, Lakeshore Recycling, CMC 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Waste recycling services in the oil industry are provided.
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| domain | founded_year | HQ Location |
Provider of waste recycling services
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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 |
Solid waste disposal and recycling services are provided.
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| domain | founded_year | HQ Location |
Waste recycling services for hard-to-recycle plastics 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 Varennes Carbon Recycling
Frequently Asked Questions about Varennes Carbon Recycling
When was Varennes Carbon Recycling founded?
Varennes Carbon Recycling was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Varennes Carbon Recycling located?
Varennes Carbon Recycling is headquartered in Varennes, Canada. It is registered at Varennes, Quebec, Canada.
Is Varennes Carbon Recycling a funded company?
Varennes Carbon Recycling is a funded company, having raised a total of $94.31M across 2 funding rounds to date. The company's 1st funding round was a Series C of $94.31M, raised on Aug 24, 2022.
What does Varennes Carbon Recycling do?
Varennes Carbon Recycling was established in 2019 in Varennes, Canada. Operations are centered on the waste recycling sector, where services for processing and managing recyclable materials are offered. Focus is placed on carbon-related recycling processes to support environmental compliance. The company serves regional clients through its domain, rcv-vcr.com, with activities conducted primarily in the Canadian market. Standard industry practices are followed to ensure efficient material recovery and disposal.
Who are the top competitors of Varennes Carbon Recycling?
Varennes Carbon Recycling's top competitors include Vertex Energy, Covanta and Coastal Waste & Recycling.
What products or services does Varennes Carbon Recycling offer?
Varennes Carbon Recycling offers Biomethanol and Green Hydrogen.
Who are Varennes Carbon Recycling's investors?
Varennes Carbon Recycling has 2 investors. Key investors include Stormfisher, and Gouvernement du Québec.