Rubicon

Lexington, Kentucky Waste Management & Recycling Acquired

Rubicon Technologies is a digital marketplace and cloud-based SaaS platform providing waste and recycling solutions to businesses and governments globally. The company operates RUBICONConnect, connecting commercial waste generators with waste service providers.

Acquired

Rubicon has been acquired

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2008

Employees

288–340

Total Funding

$338M

7 rounds

Latest Valuation

$1.7B

December 4, 2024

Funding

Total raised $338M across 7 rounds

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Last updated 06-25-2026

Latest Round

Type

SPAC PIPE

Date

August 15, 2022

Amount

$111M

Valuation

$1.7B

Lead Investors

Not disclosed
DateRoundAmount RaisedValuationLead Investors
December 4, 2024 PIPE II $20M Not disclosed
August 15, 2022 SPAC PIPE $111M $1.7B Not disclosed
2018 Series E (extension / second tranche) $65M New Zealand Super Fund

Funding by Round

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Valuation Trajectory

Valuation indexed to 1.0× at the selected entry round. Valuation marks are estimates and may contain errors. Hover each dot to compare.

If you invested at:
1x 2x 2018 2019 2020 2021 2022 Rubicon

Entry · Series D

$1B

Aug 2017

Rubicon today

$1.7B

Aug 2022 · latest mark

Rubicon multiple

1.7x

valuation uplift since first round

Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.

Leadership

  • Michael Dulin

    Chief Executive Officer

  • Nate Morris

    Founder and Chairman

  • Osman Ahmed

    Board Member

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • Waste Management Inc.

    Large integrated waste management and recycling company

  • Republic Services

    Major waste management and recycling services provider

  • Waste Connections

    Waste collection and disposal services provider

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Data collected with AI, which can make mistakes. Please double-check this information.