You are viewing a limited version of this profile. To access i3's full capabilities.
Divert
Save
Company logo (jpg or png)
Parent company

Short description

Developer of a recycling management and tracking system for retailers which converts food waste to energy via anaerobic digestion

Founded in 2007
Founded in

Company type Acquired Public ()
Company type

Industry Group agriculture & food

Sector food waste

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

Ticker

Headquarters Concord, MA Concord, United States
Address
City
State
Zip
Country

Parent Companies

Updated by Hattie Partner at on 04/24/2025

Traction
  • 1 M&A items
tags
Similar companies
Customers
Save
Date Company
Partnerships
Save
Date Partner Type
03/01/2023
Enbridge Enbridge
The agreement will support Divert’s expansion of anerobic digestion facilities across the US to be within 100 miles of 80% of the country's population in the next 8 years, with the potential to offset up to 400,000 metric tons of CO2 annually.
View source    
Confirmed by Enbridge
Project Development
Investment Rounds
Save

IPO INFORMATION

Date

IPO status

IPO Type

Amount

Initial shares

Ticker symbol

Exchange listed

Prospectus URL

Prospectus

Source URL

Source

Description

Date Investors Type Amount
03/01/2023 Enbridge Enbridge , Ara Partners Ara Partners (2)
Post-money valuation of
Enbridge is providing equity investment alongside its $1B infrastructure development agreement and will acquire a 10% stake in Divert as part of the deal, according to its own release. Ara acquired Divert in 2021 for $100M and will remain the majority shareholder.
Buyout / Late-Stage Private Equity $100,000,000
Click to add IPO information
Products
Save
Product image Name Product status Revenue model Cost metrics
You are viewing a limited version of this profile. To access i3's full capabilities.
Back to top

Preload svg text font