Venture Watch - SJF Invests in Innovative Electronic Device Recycler

Does it make any sense to put cell phones and other modern electronic devises in landfills once we're done with them, just throwing away all the value that was articulately manufactured into it? eRecyclingCorps, doesn't think so, and has pioneered a strong business model in "closing the loop" at the "end of life" of electronic devises. This is another innovative cradle-to-cradle type business opportunity that has attracted venture investment from NC's own SJF Ventures and others. Here's a clip from their press release...

Durham, NC and Irving, TX – June 23, 2010 – SJF Ventures announced today that it has invested in eRecyclingCorps, a company that is transforming the wireless industry by working with tier one wireless carriers to establish comprehensive large-scale consumer buyback programs. With SJF’s investment, eRecyclingCorps announces the final closing of its Series A financing with OPENAIR Ventures, TAP Advisors, SJF Ventures and the entire Senior Management Team as the Series A syndicate.

Read the full release here