Reklaim Technologies joins the recycling rush, raises $7M more

August 29, 2007 | Matt Marshall

Reklaim Technologies, Bellevue, Wash. company that recycles tires, computers ands an automobile practices in order to recover materials and trapped energy, has raised $7 million more in financing.

The funding brings the company’s total to $15 million. The money comes from Goldman Sachs, and the second round may eventually be bumped up to total $10 million.

It is doing something similar to Richmond, Calif.’s MBA Polymers, which we covered here, and which has raised about $50 million.

Goldman Sachs has also invested in London’s Sterecycle, a solid-waste recycling company.

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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.