Waterford start-up Kollect on Demand IPOs on Nasdaq First North in Stockholm

Business | Thu 19 Dec | Author – Business & Finance
The Kollect executive team (l-r) John Hegarty, COO, Robbie Skuse, CIO, John O’Connor, CEO and Jamie Walsh, CFO.

Waterford-based waste industry technology company Kollect on Demand celebrated its IPO on the Nasdaq First North in Stockholm today.

Today marked the first dealings in shares of Waterford based waste industry technology company Kollect on Demand on the Nasdaq First North in Stockholm.

The listing in the Nasdaq follows a public offering of shares during which the company raised approximately €1.76m in capital to fund an expansion programme with a new technology platform.

Kollect CEO John O’Connor said:

This IPO is a great milestone for the Company and moves us one step closer to our mission of making it simple of making it simple for customers to have waste collected and recycled globally, whilst enabling a more sustainable world.”

Originally bootstrapped, Kollect was launched in December 2015 by John O’Connor, Robbie Skuse and John Hegarty. The company had heretofore received funding from the Enterprise Ireland’s Competitive Start Fund, won InterTradeIreland’s Seedcorn Regional Competition, and joined the Climate-KIC Accelerator run by Sustainable Nation Ireland.

Ambassador Hayes, John O’Connor, CEO, Collect on Demand, and Charles Jameson, Swedish Irish Chamber of Commerce.

The celebratory bell ring was attended by the Ambassador of Ireland to Sweden, Dympna Hayes, and Charles James, President of the Irish Chamber of Commerce in Sweden, as well as the senior executive team of Kollect on Demand.

The Kollect executive team (l-r) John Hegarty, COO, Robbie Skuse, CIO, John O’Connor, CEO and Jamie Walsh, CFO.

Kollect‘s business model is similar to mytaxi, the on-demand taxi platform, but instead of moving people, Kollect moves waste. They have three verticals: Bin Collections, Skip Hire and Junk Removal. Their company mission is to create simple, convenient and efficient ways to collect and recycle waste; innovative customer service and creating consumer delight. Customers book waste collections through Kollect’s booking engine and subcontract to their waste collection partners. Kollect finds the next truck passing your home and arranges the pick-up for you allowing you to pay only when you need a collection.