View details of this raise on Seedstage

Tempe, AZ

Developing an app-enabled service for efficient trash can management.

• Nationwide Presence: CanMonkey operates in 25 states and over 500 cities, serving more than 6,000 properties.
• Custom Software Platform: The company utilizes cloud-based technology to manage trash can logistics efficiently.
• Growing Client Base: Strong presence in the Airbnb industry, recognized by the SKIFT Travel Tech 250.
• Scalable Operations: The platform is designed to scale without geographical limitations, aiming to service tens of thousands of properties.
• Industry Recognition: Featured in Inc. Magazine, Business Insider, ABC News, USA Today, and The Business Journal.

CanMonkey is an app-enabled service that manages trash can placement for clients, ensuring that trash cans are moved to and from the curb on collection days. The company has developed a custom software platform that leverages cloud-based technology and the gig economy model to efficiently handle trash can logistics. With a network of CanRunners, CanMonkey operates in 25 states and over 500 cities, serving more than 6,000 properties.

The company aims to expand its operations significantly by capturing a larger share of the apartment trash valet sector, a $10 billion industry. CanMonkey’s platform is designed to scale without geographical limitations, allowing it to service tens of thousands of properties. The company projects that with additional funding, it can achieve substantial growth by 2029, potentially capturing 15% of the market and serving 75,000 to 100,000 customers. This expansion is expected to improve operational margins, which currently average around 39%, with the potential to reach 70% as the company scales.

Company Info

CanMonkey provides an app-enabled service for managing trash can placement and retrieval, catering to residential and commercial properties.

CanMonkey is a service that simplifies trash can management for residential and commercial properties. Utilizing a network of app-enabled CanRunners, the company ensures that trash cans are placed at the curb and returned on collection days, eliminating the hassle for property owners. The service is particularly popular in the short-term rental market, providing a reliable solution for property managers who need consistent trash handling.

The company operates in over 25 states and 500 cities, with a platform that supports more than 6,000 properties. CanMonkey’s technology-driven approach leverages a custom-developed marketplace application, allowing for efficient scaling and management of operations. This model not only improves convenience for users but also optimizes route efficiency, aiming to increase profit margins as the service expands.