eRecyclingCorps Raises $35M in Funding

eRecyclingCorps, an Irving Texas-based developer of an in-store credit platform for recycling wireless devices, has raised $35m in funding.

The round was led by Kleiner Perkins Caufield & Byers.

Founded in 2009 by CEO David Edmondson, and Ron LeMay, Managing Director of OpenAir Equity Partners, which made the original investment along with SJF Ventures, eRecyclingCorps has built a proprietary web-based platform that integrates directly into the point-of-sale system to allow carriers and subscribers to recapture a portion of the value of wireless devices no longer used by subscribers.

Customers include Sprint and Verizon.



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