The World's Largest Resource for the Cart, Kiosk, and Temporary Retail Industry
by Olivia Lange
Benzinga.com

Recycling has a capitalist slant as kiosk “e-cycling” company ecoATM secured its Series B funding round at approximately $17 million and a Phase II grant from the National Science Foundation (“NSF”) for up to $1 million last week.

Previous investors Coinstar (NASDAQ: CSTR [FREE Stock Trend Analysis]), TAO Ventures, and Claremont Creek increased their investments and new investors PI Holdings, AKS Capital, Moore Venture Partners, and Singapore billionaire Koh Boon Hwee joined the round.

Based in California, ecoATM provides self-service, automated stations that analyze the value of a consumer’s cell phone or electronic device – offering the consumer a market value price based on current secondary market data. If accepted, the consumer walks away with cold, hard cash.

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