EcoATM Fundraising Raised $17 Million


credit: Bill & Melinda Gates Foundation

EcoATM raised $17 million in its second round of venture funding. The company makes machines that buy back used mobile phones and other portable electronic devices.

Several firms gave money for their fundraising and EcoATM also got a "Phase II" grant from the National Science Foundation worth up to $1 million as one of 60 grants the National Science Foundation gave from 171 proposals it got last summer.

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