Congratulations to our portfolio company ecoATM, the award-winning San Diego start-up known for its commitment to the environment and its innovative kiosks that automate the buy-back of used mobile phones and other used portable electronics directly from consumers.
It is closing its series b investment round today of approximately $17 million. Claremont Creek Ventures, Coinstar, Inc. and TAO Ventures all increased their investments while new investors joined the syndicate.
ecoATM is expanding its footprint to the rest of the US. Over the past two years, ecoATM has built a network of approximately 50 kiosks in locations throughout California.
ecoATM also won a Techcrunch award this year called their Crunchies as a company to watch. Claremont Creek is excited for the company's growth and welcome the new investors PI Holdings, Moore Venture Partners, AKS Capital and Singapore billionaire Koh Boon Hwee.
read the press release here: ecoATM ATTRACTS $17 MILLION IN SECOND ROUND OF INVESTMENTS