What is Cell Funds?
Cell Funds operates out of Sherman Oaks, California, specializing in equipment reclamation and recycling services for used cell phones and electronics. The company's innovative approach involves purchasing old devices at maximum allowable recovery payouts, refurbishing or recycling them in an environmentally safe manner. This process not only supports a circular economy but also provides individuals and organizations with an avenue to earn cash for their recycling efforts. Cell Funds is committed to adhering to the highest environmental standards, ensuring that all components, including plastics, metals, and batteries, are responsibly processed at EPA-licensed facilities. Their dedication to reducing, reusing, and recycling aims to maintain a healthy planet for future generations.
How much funding has Cell Funds raised?
Cell Funds has raised a total of $19K across 1 funding round:
Debt
$19K
Debt (2021): $19K with participation from PPP
Key Investors in Cell Funds
PPP
Public-Private Partnership
What's next for Cell Funds?
With the recent injection of moderate growth capital, Cell Funds is poised to accelerate its expansion into the broader US market. The Series A/B growth stage funding suggests strategic investments in operational enhancements, potentially including increased processing capacity, broader collection networks, and enhanced refurbishment capabilities. This financial backing will likely enable Cell Funds to solidify its position as a leader in sustainable e-waste management, further promoting its mission of environmental stewardship and providing valuable recycling services to a wider audience. The company's continued focus on maximizing recovery payouts and its commitment to environmental compliance will be critical drivers of its future success.
See full Cell Funds company page
