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Exit

Acquired byOuterwall
Price$350M
Date7/2013
TermsCash

General Information

Offices

ecoATM HQ
10515 Vista Sorrento Parkway
San Diego, CA, 92121
USA

People

founder
CFO
President and CEO
VP Engineering
VP Operations
CMO, Founder, Board of Directors

Funding

TOTAL $31.4M
FUNDING TOTAL $31.4M
Series A, 2/2010
Venture Round, 2/2011
Claremont Creek Ventures
Silicon Valley Bank
$14.4M
Venture Round, 5/2012
Claremont Creek Ventures
Outerwall
Tao Venture Partners
Moore Venture Partners
AKS Capital
$17M
DEBT TOTAL $40M
Debt, 2/2013
Falcon Investment Advisors
$40M

Tags

ecoATM

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 under served 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!

Recent Milestones

Videos

Above:

ecoATM - How it Works

Added: 7/2/13

Screenshots

Sources

  1. Outerwall (Formerly Coinstar) Buys ecoATM For $350M In Cash To Expand Into Device Recycling Kiosks (techcrunch.com) [edit]
  2. Cash for Trash: ecoATM Lands Funding for Recycling Kiosks (earth2tech.com) [edit]
  3. ecoATM Raises $14.4M for eCycling Kiosks (gigaom.com) [edit]
  4. ecoATM Raises $17M From Coinstar And Others For Electronics Recycling And Resale Kiosk System (techcrunch.com) [edit]
  5. With 300 Kiosks In 20 States, Device Recycler EcoATM Secures $40M In Debt Financing To Go Nationwide (techcrunch.com) [edit]
  6. CEA Announces ecoATM, GrandCare Systems and Sandy Gross Innovation Entrepreneur Awards Winners (eon.businesswire.com) [edit]
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Last Edited 10/22/13

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