The amount of the deal was not disclosed.
The company intends to use the funds to expand its data deletion and resale service (reANGEL) to other European countries.
Led by founder Philip Nissen, Recycling Angel provides corporates with a solution to handle confidential information on the devices (cell phones, laptops and desktops).
The service includes the insured take back of devices, the guaranteed data deletion and a fair and transparent purchase price at top market prices. Customers include Commerzbank, Hannover 96 and Krombacher.