Friday, 19 September 2014
Last updated 14 hours ago
Nov 4 2009 | 6:26pm ET
Philadelphia-based RecycleBank, which teams with municipalities to provide incentives for residential recycling, has banked another $28.25 million, according to an SEC filing.
In separate news, RecycleBank also announced a partnership with the re-commerce firm Kashless.org to create the Kashless Rewards program for consumers recycling items online. The value of this deal has not been disclosed.
Founded in 2004, RecycleBank (a subsidiary of Recycle Rewards) has raised more than $73 million, with investors including RRE Ventures, Sigma Partners, Kleiner Perkins and the Westly Group. RecycleBank plans to award recycling points that can be redeemed for discounts or gift cards or donated to charities and other groups.
Municipalities involved in the RecycleBank program pay the company a portion of the money they save on landfills. Residents get special bins with RFID tags so recycling trucks can identify each customer, weigh the contents of the bin, and award points accordingly.
Kashless Rewards is an extension of this plan: users will earn points for posting items for reuse on the online marketplace. The points can be redeemed through RecycleBank’s program
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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