Irish Green Tech Start-Up Raises $7.5 Million

Feb 11 2009 | 6:53am ET

Limerick-based AMCS has raised GBP 5.2 million ($7.5 million) to develop its pay-as-you-throw systems for garbage disposal.

The investment is led by the UK-based clean tech fund WHEB Ventures and the Ulster Bank Diageo Venture Fund, managed by NCB Ventures in Dublin.

Pay-as-you-throw technology, in use in Ireland for several years, is designed to reduce the amount of waste going to landfills and encourage recycling.

AMCS has developed a complete end-to-end software and hardware turnkey system for the delivery of weighing and identification solutions to the waste and recycling industry. The solutions facilitate variable weight-related charging and incentives.

AMCS plans to use the investment to finance the company’s global expansion and support new product development.

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