Just got the iPhone 5, and don’t apperceive what to do with your altogether accomplished iPhone 4? (Jerk). Well, there’s a growing bulk of corpuscle buzz recycling kiosks advancing to malls abreast you that will pay you banknote for your alone gadgets. ecoATM, a startup that is architecture out these networks, has aloof aloft $41 actor in debt costs from clandestine disinterestedness close Falcon Investment Advisors, according to a filing, which could advice it alpha blame out a abundant college aggregate of these kiosks.
Five-year-old ecoATM’s kiosks use technology to analyze the recycled account (like your basically new iPhone), quantify its action and worth, and action you advantage in banknote or coupons. The aggregation has about 300 kiosks beyond 20 states as of now, backer Anita Giani tells me, which is up from the 50 kiosks they had installed about a year ago.
That’s abiding growth, admitting a bit slower access up than they had accepted a few years ago. But Giani says that ecoATM is attractive to install hundreds of kiosks added this year, and has additionally broadcast the types of accessories it can acquire to afresh to accommodate tablets.
ecoATM’s kiosks additionally accept wireless connections, and the boxes use software from startup Axeda to run affection and do alien management. The aggregation can do alien software refreshes on its kiosks, and it can additionally fix any problems with the kiosks after accepting to accelerate a artisan in being out to anniversary kiosk.
This debt annular is abstracted from the company’s antecedent disinterestedness rounds. Before that Series B, ecoATM had additionally aloft $14.4 actor Series A annular in aboriginal 2011. The aggregation has a set of cardinal backers that could be a able asset to get its kiosks into added stores, including change kiosk behemothic Coinstar, Oakland adventure close Claremont Creek Ventures, Tao Ventures, and Singapore billionaire Koh Boon Hwee.
I’ve been watching the company’s armpit for a few years, and it’s now added a lot added advice about the technology and methods they are application to action theft. The botheration with the kiosks is that if addition steals a new iPhone, and takes it to the kiosk, it could accommodate an accessible way to get banknote for the baseborn device. After a friend’s buzz was baseborn afresh in San Francisco, the badge absolutely told her to go bottomward to analysis an breadth that had recycling options, as it wasn’t aberrant for phones to end up there.
ecoATM says to action theft, they accept accustomed methods like: acute a drivers authorization to recycle goods, the recycler has to be 18 or over, the recycler gives a thumbprint, the accessories are kept for 14 canicule as a precaution, the kiosks use alien cameras to booty photos of and adviser the recycler, and
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