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Olyns

Santa Clara, US · Founded 2019 · 15 employees on LinkedIn · 2 known investors

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Olyns operates an AI-powered reverse vending machine called the Cube that incentivizes plastic recycling in retail locations by rewarding users with cash and perks, while funding the system through on-screen advertising revenue. The company combines recycling infrastructure with digital media to address plastic waste pollution and create a sustainable, self-funded circular economy model.

AdTechAI & Machine LearningCircular EconomyClimate TechRetail Tech

Founders & leadership

PSPhilip Stanger
Philip StangerFounderHe previously led Indoor Maps at Apple from 2014 to 2019, following Apple's acquisition of Wifarer Inc., the indoor positioning company he co-founded and ran as CEO. He also spent time as an entrepreneur in residence at Vanedge Capital before starting Olyns in 2019.
JBJohn Buchowski
John BuchowskiHis product career includes more than a decade at PTC, where he moved from product line manager to VP of product management and VP of go-to-market, followed by roles as CMO and CPO at Ciespace Corporation and VP of commercial management at IHS. He worked as an independent product management consultant before co-founding Olyns in 2019.

Investors · 2

Vanedge Capital Limited Partnershiplisted by Vanedge Capital Limited PartnershipVancouver

How we know: Vanedge Capital Limited Partnership's portfolio page · Not right? Tell us

Funding

SEC filings, press & company announcements

$4M disclosed across 1 of 2 rounds · 2021–2023

Source: company announcements and press reports — follow each round's link for the claim.

In the news

Olyns Raises $4M Series A Fundingfinsmes.com · May 2023Olyns Raises $1M Seed Round to Accelerate Expansion of Consumer Recycling Solutionprnewswire.com · Nov 2021

Frequently asked questions

What does Olyns do?
Olyns operates an AI-powered reverse vending machine called the Cube that incentivizes plastic recycling in retail locations by rewarding users with cash and perks, while funding the system through on-screen advertising revenue. The company combines recycling infrastructure with digital media to address plastic waste pollution and create a sustainable, self-funded circular economy model.
Who are Olyns's investors?
Olyns's investors include Vanedge Capital, Vanedge Capital Limited Partnership.
How much funding has Olyns raised?
Olyns has disclosed $4M raised across 1 of its 2 known rounds.
Where is Olyns headquartered?
Olyns is headquartered in Santa Clara, US.