KPCB Leads $35M Financing Round For ERecyclingCorps

Law360, New York (December 20, 2011, 1:17 PM EST) -- ERecyclingCorps has completed a $35 million financing round led by venture capital firm Kleiner Perkins Caufield & Byers, the Texas recycled mobile device company announced Tuesday.

Additional financial terms of the deal including closing date were not disclosed. Representatives for eRecycling and KPCB did not return calls seeking comment.

Irving, Texas-based eRecycling partners with digital carriers including Sprint Nextel Corp. and Verizon Communications Inc. to extend the life of cellphones and other wireless devices through trade-in programs. The firm launched in 2009 with initial investments from...
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