Tuesday, April 15, 2008

RecycleBank Secures $30 Million in Series B Funding

NEW YORK---RecycleBank, a rewards program that motivates households to recycle, announced that it has secured $30 million in Series B funding from leading venture capital firms, Kleiner, Perkins, Caulfield and Byers (KPCB), RRE Ventures, Sigma Partners and The Westly Group. RecycleBank will be using this funding to rapidly scale in the United States and continue expansion into Europe in the next 24 months. Link.