ecoATM scores USD17 million for consumer electronics recycling

Funding for a national rollout

ecoATM has bagged USD17 million in a round of funding led by Claremont Creek Ventures,Coinstar and TAO Ventures, with participation from PI Holdings, Moore Venture Partners, AKS Capital and an angel investor.

The San Diego based-firm produces ATM style machines which value and buy redundant electronic goods from consumers. There are currently 50 of the machines in operation around California and the company says the investment will fund a national rollout of its service. It will also use the funding to develop its sales and marketing infrastructure.

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