Financial

Rockville’s Compost Crew Raises Millions Beyond Goal with Help From the Tower Companies

MBS Staff
Compost Crew CEO Ben Parry in North Bethesda with compost truck.

Compost Crew CEO Ben Parry in North Bethesda with compost truck.

Billing itself as the largest food scrap recycling company in the Mid-Atlantic, Compost Crew, a Rockville-based company, says it has raised millions of dollars in an oversubscribed Series-A round with one of the primary investors being a local real estate development company.

With demand increasing at a fast clip, Compost Crew CEO Ben Parry says it’s the right time for expansion with the help of investors who understand the company.

Rockville-based Tower Companies believed in the company to such a degree that it not only became Compost Crew’s first client, but it also decided to join the Series-A round, which is the developer’s first venture capital funding of any kind.  

“As one of Compost Crew’s first commercial clients, we understand the benefits of composting,” said Katie Rothenberg, Vice President of Sustainability with Tower Companies.  

“Environmental sustainability is so important – whether it be carbon, water, or waste reduction.  Tower Companies was thrilled with the opportunity to invest in a local organization that is a leader in reducing food waste.  We hope to help Compost Crew motivate more area businesses to start composting, which will have a positive benefit for our local community.”

Tower Companies is on its 75th anniversary and has developed several large projects in Montgomery County, including the ongoing Blairs District in downtown Silver Spring, and the Tower Buildings prominently visible from the portion of I-270 in Rockville.

In total, Compost Crew first funding round brought the company $5.5 million, with other primary investors involved being Washington, DC-based K-Street Capital and Lattice Impact Capital.

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