Intechra, electronics recycler, gets $30M
Intechra Holdings, a Jackson, Miss. company that recycles electronics, said it has raised $30 million in a third round of financing, making it just the latest in a hot trend of green investing.
See the company’s statement here.
The funding was led by Richland Ventures, of Nashville, Oxford Bioscience Partners, of Boston, and First Avenue Partners, of Nashville, the company said. Other investors included existing backers Chrysalis Ventures, Sewanee Partners and SJF Ventures. The company has raised about $57 million to date.
This is a mature company. Intechra said it made $100 million in revenue last year from its services.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
