ecoATM Secures New Funding

  • Feed Type
  • Date
    2/17/2010
  • Company Name
    ecoATM
  • Mailing Address
    10309 Pacific Center Ct San Diego, CA 92121
  • Company Description
    Solving the eWaste problem on a broad scale requires the collaboration of the OEM’s that make the devices, the retailers that sell them, and the consumers that buy and retire them. With $25B in latent consumer assets available to mine and use as the incentive for all stakeholders in the chain, ecoATM will dramatically alter the current life-cycle of consumer electronics much the way 1970’s redemption value laws on bottles and cans dramatically changed their life-cycle. Given the enormous underserved worldwide demand for used mobile phones and other electronics, and the enormous and perpetually growing cache of these devices cluttering the homes of US consumers, a rare opportunity exists to build an enterprise which benefits consumers, retailers, OEM’s, and the environment alike. Please join us in transforming eWaste to the benefit of everyone!
  • Website
    http://www.ecoatm.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    Undisclosed
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The overwhelming response to initial market tests convinced us that ecoATM’s approach will enable a 10-fold increase in recycling. We are very pleased to be involved in this exciting and worthwhile enterprise.
  • M&A Terms
  • Venture Investor
    Tao Venture Partners
  • Venture Investor
    Undisclosed

By posting a comment, you agree to our terms and conditions.