BioHitech America

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BioHitech America - overview

Established

2008

Location

Chestnut Ridge, NY, US

Primary Industry

Power & Utilities

About

BioHitech America specializes in innovative waste management solutions, focusing on advanced food waste digesters that enhance waste classification and reduction for businesses seeking ecological sustainability. Founded in 2008 and headquartered in Chestnut Ridge, New York, BioHitech America offers advanced waste management solutions through its innovative food waste digesters. The company's leadership includes CEOs Anthony Fuller and Frank Celli. BioHitech America raised an undisclosed amount in its second funding round on January 27, 2014, led by Penn Venture Partners.


BioHitech America specializes in innovative waste management solutions through its core product, advanced food waste digesters. These digesters classify and identify food waste at the source, enabling organizations to better understand and manage their waste. By leveraging patented analytics and a cloud-based application, the technology allows customers to classify, measure, analyze, and reduce their food waste efficiently. This is particularly beneficial for businesses seeking to minimize waste hauling costs and lower their carbon emissions.


The company primarily serves a diverse clientele that includes both private and public organizations across various sectors, emphasizing ecological sustainability. BioHitech America's products are marketed across North America and have potential applications in commercial kitchens, hotels, restaurants, and food processing facilities. BioHitech America operates on a revenue model that includes subscription-based services for its cloud-based analytics platform, along with direct sales of its digesters to businesses and public entities. Transactions typically involve agreements that provide clients with ongoing access to the technology and support, thus creating a steady revenue stream for the company.


The flagship product, the food waste digester, is central to their revenue generation strategy, addressing a significant need for effective waste management solutions. As of 2014, BioHitech America plans to utilize the capital raised in its funding round to enhance its product offerings and expand its market reach. Specifics regarding upcoming product releases and enhancements have not been detailed, but the focus remains on scaling operations in North America. The company's strategy may include exploring partnerships and expanding its footprint in new geographic regions to meet growing demand.


Current Investors

Penn Venture Partners

Primary Industry

Power & Utilities

Sub Industries

Waste Management, Waste to Energy

Website

www.biohitech.com

Verticals

Clean Technology

Company Stage

Series B

Total Amount Raised

Subscriber access only

BioHitech America - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedEarthtech Contracting, Inc.-
Add-on, Trade SaleCompletedApple Valley Waste Service, Inc.-
Add-onCompletedEnvirowaste LLC-
Add-onCompletedCommonwealth Commons, LLC-
Secondary BuyoutCompletedGold Medal Services, LLC.-

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BioHitech America - employee data

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