ecoATM Inks $14.4M in Series A, Debt
San Diego-based ecoATM, which develops kiosks that buy-back and recycle consumer electronics, has raised $14.4 million in Series A equity financing and debt financing. Coinstar Inc. and Claremont Creek Ventures led the round. Silicon Valley Bank is providing venture debt to the company. The money will be used for commercialization and product launch. Claremont Creek managing director Randy Hawks joins the company’s board as a result of the round, as does a representative from Coinstar subsidiary Redbox.
16 February 2011•4 mins read
