A London-based startup using AI to increase recycling rates has just raised a $19.5 million Series A funding round. Safi, which was founded in 2021, has built a B2B marketplace for trading recyclable materials such as plastic, paper, and metal. Only then will buyers move to use recycled materials whenever possible, he added. Using recycled material to make things creates significantly lower greenhouse gas emissions versus virgin sources, Stocker noted. That's thanks in part to pressure from manufacturers, consumers, and policymakers to use more recycled material, Stocker said.

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Persons: Rishi Stocker, Revolut, Stocker, Safi Organizations: Business, Europe –, Italy –, Nosara, Lowercarbon Capital Locations: London, WhatsApp, Europe, Greece, Spain, Portugal, Italy, India