eRecycling Group Inc., parent of E-Recycling LLC (eRC), provides carrier-grade, incentivized mobile device trade-in and reuse solutions. It partners with global wireless carriers and retailers to provide in-store trade-in credit and to capture, restore and monetize used mobile devices. Repaired and refurbished devices are resold to consumers worldwide, extending access to affordable wireless technology in emerging markets. The company operates in nine countries and partners with carriers including Sprint, Verizon and TELUS at nearly 16,000 retail locations. Operationally, eRC completed more than seven million wireless device trade-ins in 2012 and more than 17 million since its founding. In October 2013 it raised $105M in Series C financing to support potential acquisitions, geographic expansion and development of new products and services. Founded in 2009 by CEO David Edmondson, the company is based in Irving, Texas. Founded in 2009 and co-founded by David Edmondson and Ron LeMay, eRecyclingCorps aims to alleviate wireless e-waste by turning retired devices into assets. It partners with retailers and carriers such as Sprint and Verizon to run incentivized trade-in and recycling programs. The company’s offering includes an instant in-store credit solution and a web-based platform that integrates into retail point-of-sale systems to streamline logistics and execution. eRecyclingCorps seeks to establish a global after-market to support reuse and large-scale phone buy-back programs that are highly scalable while addressing companies’ and customers’ needs. Its pitch emphasizes recognizing device value, offering incentives, and creating economic opportunities that reward participants and benefit the environment. The company highlights industry scale, noting more than 130 million mobile devices are retired in the U.S. each year but only about 10% are recycled. Financially, the company has secured $35 million in financing led by Kleiner Perkins Caufield & Byers.

Total raised

$140M

Funding rounds

2

Latest round

Series C

Latest activity

Oct 2013