Rubicon Technologies, Inc.
Rubicon is a digital marketplace for waste and recycling, and provider of innovative software-based solutions for businesses and governments worldwide. Creating a new industry standard by using technology to drive environmental innovation, the company helps turn businesses into more sustainable enterprises, and neighborhoods into greener and smarter places to live and work. Rubicon’s mission is to end waste. It helps its partners find economic value in their waste streams and confidently execute on their sustainability goals.
Nasdaq: FOUN
IR Website: https://www.rubicon.com/investors/
Headquarters: Lexington, Kentucky
Content provided by Rubicon Technologies, Inc on 2-23-22.
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Summary
Rubicon is a digital marketplace for waste and recycling, and provider of innovative software-based solutions for businesses and governments worldwide. Creating a new industry standard by using technology to drive environmental innovation, the company helps turn businesses into more sustainable enterprises, and neighborhoods into greener and smarter places to live and work. Rubicon’s mission is to end waste. It helps its partners find economic value in their waste streams and confidently execute on their sustainability goals.
Rubicon’s integrated waste management platform changes how we think about waste:
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Data-centric approach to waste management is powering sustainability for businesses and cities
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Digital, cloud-based model utilizes lower-cost resources results in more efficient use of capital
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Rubicon monetizes commodities diverted from landfills, incentivizing recycling efforts and reducing total customer waste spend
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Holistic audit of customer waste streams results in increased transparency and reduced costs
Investment Highlights
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Massive addressable market in a fragmented industry ripe for innovation
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Capital-light and efficient operating model supports continued attractive growth
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Scaled platform with 8,000+ customers, > $500M revenue
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Proven customer acquisition and wallet share expansion strategies, with robust client base of marquee companies and municipalities
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Long-term topline visibility with multiple contractual, recurring revenue streams and 100%+ net revenue retention
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First-mover advantage in a self-created market, with deep, protected moats
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Digital infrastructure model with robust technology product development pipeline
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An authentic ESG proposition that enables meaningful business and environmental outcomes for its clients
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Path to profitability at scale
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Robust M&A pipeline with proven synergy extraction playbook
Recent News
Rubicon Announces New Multi-Year Agreement with SRS Distribution
Feb 22, 2022
Rubicon Enters Nationwide Technology Agreement with Japanese Transportation Conglomerate, Odakyu
Feb 8, 2022
Founder SPAC Announces Filing a Registration Statement on Form S-4 in Connection with a Proposed Business Combination with Rubicon Technologies
Feb 2, 2022
RUBICONSmartCity™ Featured in New Amazon Documentary Series
Jan 20, 2022
Rubicon Acquires CIVIX, a Routing Software and Solutions Company
Jan 13, 2022
Management Overview
Nate Morris
Chairman & CEO
Nate Morris is leading a technology revolution in the waste and recycling sector and is rekindling hope that lasting change and progress can be achieved in the global environmental movement. Morris founded Kentucky-based Rubicon, a software company driving innovation in the waste and recycling sector. Launched with maxed-out credit cards and a $10,000 line of credit, Rubicon is now valued at well in excess of $1 billion with operations in 20 countries on five continents. This proves that big ideas are not limited to the coasts—the American heartland can and will set up to provide jobs and innovation for future generations.
Fast Company named Rubicon to its prestigious annual list of the World’s Most Innovative Companies. Morris’s leadership earned him recognition as a Young Global Leader by the World Economic Forum. He is also the youngest inductee ever to the Kentucky Entrepreneur Hall of Fame. Hailed as “America’s Technology Company,” Rubicon has ushered in a new industry standard that works to protect the United States against environmental and national security threats. Rubicon holds over 50 patents.
Morris founded the Morris Foundation to provide Kentuckians with access to the American Dream and economic freedom and opportunity. He is a benefactor to the University of Kentucky, where he serves on the Dean’s Advisory Council and as Entrepreneur in Residence at the Gatton College of Business and Economics. Morris is a Senior Advisor to the Scowcroft Center for Strategy and Security, a member of Business Executives for National Security (BENS), a member of Concordia’s Leadership Council and the Trilateral Commission.
Phil Rodoni
Chief Technology Officer
Phil Rodoni is Rubicon’s Chief Technology Officer, where he leads all of Rubicon’s technology innovation, product development, business intelligence, and research and development. Based out of San Francisco, Rodoni is well-versed in financial services, the mobile internet, and software development.
Before joining Rubicon in 2015, Rodoni was Vice President of Software Development at Esurance, where he enabled the company to expand its offerings and geographic footprint. He also served as Vice President at Charles Schwab (NYSE: SCHW), building a technology platform that supported 100,000 concurrent users.
Rodoni holds a Bachelor of Arts degree in Economics from the University of California at Berkeley, and a Master of Business Administration (MBA) from the Haas School of Business.
Jevan Anderson
Chief Financial Officer
Jevan Anderson is Rubicon’s Chief Financial Officer, overseeing Rubicon’s end-to-end financial operations, including the financial infrastructure, teams, and processes of the company.
Anderson is a highly accomplished technology executive with 30 years of experience in corporate leadership, financial advisory, investment banking, corporate development, and strategy consulting. Prior to joining Rubicon, he was CFO and COO at Finjan Holdings, a globally recognized pioneer in cybersecurity intellectual property, which was acquired by Fortress Investment Group. Over the course of his career, Anderson has executed more than 100 transactions with over $20 billion in aggregate consideration with leading companies including Accenture, BlackBerry, Bleacher Report, Broadcom, Discovery, Electronic Arts, Ford, Huawei, IBM, Intel, Liberty Media, Microsoft, Pandora, QUALCOMM, Symantec, Time Warner, Turner Sports, and Yahoo!
Anderson holds a bachelor’s degree in Electrical Engineering from Lehigh University and an MBA from The Stern School of Business at New York University.
Chris Spooner
Senior Vice President of Finance
Chris Spooner is Rubicon’s Senior Vice President of Finance, leading the Accounting, Data Management, Finance Operations, and FP&A functions companywide. Spooner has been a part of the Rubicon team since 2015 in multiple FP&A and Strategy roles.
Before joining Rubicon, Spooner was a Manager of Capital Strategy at Novelis, a global leader in sustainable manufacturing. Before this, he worked in investment banking with TM Capital.
Spooner holds a Bachelor of Business Administration (B.B.A.) in Economics and Banking and Finance from the Terry College of Business at the University of Georgia.
Osman Ahmed
CEO and Director, Founder SPAC
Osman Ahmed has significant principal investment experience from origination through exit in B2C and B2B platforms. Mr. Ahmed is currently a Managing Director at 10X Capital, a multi-strategy technology investment firm. From 2015 to 2022, he was an investor at KCK Group. Mr. Ahmed was previously the CFO at Beehive3D, a KCK Group Portfolio company, and has held roles at Volition Capital, Scale Venture Partners, and Stifel Financial. Mr. Ahmed served on the Board of Directors of Harvest Sherwood Food Distributors from 2015 to 2021 and KCK Frontier Investments Ltd. from 2019 to 2021. From 2018 to 2020, Mr. Ahmed served on the Board of Directors of Kaidee and, from 2015 to 2016, was a Board Observer at Hibernia Networks. Previously, Mr. Ahmed was a Board Observer at Yield Engineering Systems and Emerging Markets Property Group. Mr. Ahmed has led and participated in investment rounds for companies such as Axcient (acquired), Hibernia Networks (acquired), RingCentral (IPO), TraceLink (active), and Kaidee (acquired). Mr. Ahmed holds a BS in Computer Science from the University of Southern California and an MBA from the University of Chicago Booth School of Business.
Hassan Ahmed
Executive Chairman, Founder SPAC
Hassan Ahmed was most recently Chairman and CEO of Affirmed Networks, which he co-founded in 2010. Mr. Ahmed was responsible for all aspects of the company’s operations and oversaw its sale to Microsoft in April 2020. From 1999 to 2008, Mr. Ahmed was Chairman and CEO of Sonus Networks, a company that actively transformed telephony. Mr. Ahmed led Sonus Networks for ten years, overseeing the company through its IPO on the Nasdaq in 2000. Before joining Sonus, Mr. Ahmed was EVP and GM of the Core Switching division of Ascend Communications (acquired by Lucent for $20.3 billion) and Chief Technology Officer of Cascade Communications (acquired by Ascend for $3.7 billion). He also served on the Board of Directors at Airvana Networks until it was acquired by Siris Capital. Currently, Mr. Ahmed is a member of the Board of Directors of Ciena Corp (NYSE: CIEN) and KINS Technology Group (NASDAQ: KINZU, KINZ, KINZW) and a Senior Advisor at Charles River Ventures. Mr. Ahmed holds a BS in Electrical Engineering and an MS in Aerospace Engineering from Carleton University. He also received a PhD in Electrical Engineering from Stanford University.
Manpreet Singh
Chief Financial Officer and Advisor, Founder SPAC
Manpreet Singh, CFA, is the founder and Chief Investment Officer of Singh Capital Partners (SCP), a multifamily office that directs investments into venture capital, private equity, and real estate. SCP invests capital on behalf of Fortune 500 CXOs, unicorn founders, and operators and has executed investments in North America, Europe, and Asia. Mr. Singh has made over 50 private investments over the last decade including Baazarvoice, Alibaba, Uber, Spotify, Duo, PayTM, Impossible Foods, Cohesity, DocSend, SoFi, Carta, SpaceX, MindBody, Robinhood, and Postmates. Prior to starting SCP, Mr. Singh was the Co-Founder and President of TalkLocal, a venture backed local services marketplace that serviced customers in 49 states and placed over 2 million calls to contractors. Prior to TalkLocal, Mr. Singh was the longest tenured employee at Profit Investment Management (PIM), a DC-based firm where he helped to grow assets under management from $20 million to over $2 billion through various roles in trading, marketing, research, investing, and operations. He was eventually responsible for managing over $1 billion invested across technology companies globally while at the firm. Mr. Singh serves on the boards of Acquco, US Inspect, Snowball Industries, Embrace Software, Shukr Investments, TalkLocal, the Suburban Hospital Foundation, and the Dingman Center at the Smith School of Business. Mr. Singh received his MBA from the Wharton School of Business in Entrepreneurship, Finance, and Real Estate. He also holds a B.S. in Finance with a citation in Entrepreneurship from the University of Maryland, College Park, and is a CFA charterholder.
Nikhil Kalghatgi
SPAC Advisor
Nikhil Kalghatgi has been the Head of Alternative Investments at S.P. Hinduja Banque Privee since early 2020. He was previously a Partner at CoVenture primarily investing in high-yield asset-backed credit opportunities and creating quantitative trading strategies. CoVenture’s investment areas primarily included fintech, special situations and emerging assets. Mr. Kalghatgi was also a Partner at CoVenture Crypto, a multi-strategy cryptocurrency asset management firm backed by SBI Holdings, with a quantitative trading fund, smart-beta fund and venture capital investments. Prior to this, he was a Partner at Vast Ventures Management LLC, investing in early-stage and late-stage companies. He has invested across technology including space exploration, consumer, healthcare, software, and transportation. He has also previously been a Principal at Softbank, Founder of Partner 6, a long-only equity investment firm, and a Director of Business Development and Marketing at Localytics, a mobile analytics platform. He also spent several years in the military intelligence sector at the MITRE Corporation. Mr. Kalghatgi holds a Bachelor of Science and a Master’s degree in engineering from Tufts University and an MBA from Harvard Business School.
Risks & Disclosures
This communication is neither an offer to sell nor a solicitation of an offer to buy, nor a recommendation of any securities of the company mentioned herein.
Rubicon Technology Inc. (the “Company”) and its counsel have reviewed the content of this page as well as the accompanying presentation (“Company Presentation”) displayed on this page. To the best of its knowledge, the Company does not believe this content to be misleading or inaccurate in any material respect, nor does it believe there are any material omissions with respect to such content. The Company does not believe the contents of the page or the Company Presentation to contain any non-public material information.
Information and opinions presented in the Company Presentation are provided by the Company, and b2i digital makes no representation as to their accuracy or completeness. The information contained on this page is not intended to constitute any form of advice, and the information provided is not intended to provide a sufficient basis on which to make an investment decision. It is not investment research, nor does it constitute a research recommendation, as it does not constitute substantive research or analysis. This information is not to be relied upon in substitution for the exercise of independent judgment.
Information, opinions and estimates contained on this page or in the Company Presentation reflect judgments by the Company as of the original date of publication by the Company and are subject to change without notice. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied is made regarding future performance.
A complete description of the risks and uncertainties relating to the Company and its securities can be found in the company's filings with the U.S. Securities and Exchange Commission available for free at www.sec.gov.
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