Sortera Secures $45M Growth-Stage Funding Round

Why It Matters

The funding gives Sortera the resources to scale its aluminum sorting technology, addressing rising demand for efficient recycling and positioning the company as a key player in the circular economy, while signaling strong capital appetite for sustainable industrial tech.

Deal Summary

Aluminum sorting firm Sortera Technologies, Inc. announced a $45 million growth-stage financing led by T. Rowe Price Associates and VXI Capital, with participation from Yamaha Motor Ventures, Overlay Capital and Trinity Capital. The capital will accelerate the company's next phase of expansion.