ecoATM Raises $14.4M for eCycling Kiosks

Thursday, February 17th, 2011 by David

GigaOm’s Katie Fehrenbacher wrote an article today about a new very NoCal trend – the eco-ATM. I predict pickup in the Pacific Northwest (CA, WA, and OR) as well as Boston, Minneapolis, and Madison, WI). Outside of that, not sure…..

Will kiosks strategically placed in stores finally convince us all to recycle our gadgets and cell phones? Startup ecoATM (a Green:Net 2010 launchpad company) and its investors think so; on Wednesday, ecoATM announced it has raised a Series A round of $14.4 million in funding from kiosk giant Coinstar, Oakland, Calif.-based venture capital firm Claremont Creek Ventures, and venture debt from Silicon Valley Bank (SVB).