Recyclops aims to make it easier for homeowners to access recycling services and recycle hard-to-recycle products, such as plastic bags, batteries and light bulbs.
The Larry H. Miller Company recently made an investment in Recyclops Inc., a technology startup that creates sustainability solutions, starting with recycling.
Launched in 2014 by CEO Ryan Smith, Recyclops, Orem, Utah, applies technology to environmental logistics, collecting hard-to-recycle materials and providing scaling strategies to expand recycling in rural areas.
The Larry H. Miller Company will partner with Recyclops to use its service in its residential community developments to improve sustainability efforts in recycling and reuse. Recyclops is in 30 different states and in 2021 enabled families to recycle and reuse more than 1.4 million pounds of waste, diverting it from landfills.
“The LHM Company is excited to invest in Recyclops and the team Ryan has built. We believe in their service offering and its potential to not only grow as a business but to offer an innovative approach and encourage stewardship,” LHM Co. Chief Strategy Officer Dave Smith says. “Recyclops is delivering easy-to-use solutions to homeowners and businesses, ensuring we reduce the amount of waste in our landfills and oceans and expand recycling to materials that weren’t available under conventional methods.”
Nearly 40 percent of American households do not have access to convenient recycling. Additionally, existing programs are only able to recycle 10 percent to 45 percent of household waste.
Ryan Smith of Recyclops says he’s committed to his mission to make sustainability a convenient reality in an accessible manner.
“The Larry H. Miller Company’s mission to enrich lives is something that resonates deeply with Recyclops and what we’ve set out to do as a company,” he says. “I am thrilled to have the LHM Company as an investor in our seed round. Their growth capital will help us expand our service. We look forward to working with such a pillar in the community.”
LHM’s investment supports Recyclops’ introduction of a new, beyond-the-bin recycling service, Recyclops+, for hard-to-recycle materials, such as thermoformed plastic fruit and salad containers, plastic film and bags, lightbulbs, batteries, polystyrene foam, textiles and clothing. Recyclops+ will collect, transport, reuse and recycle these materials from homes along the Wasatch Front, specifically in Salt Lake and Utah counties.