What is CircleIt?
CircleIt operates as a digital ITAD (IT Asset Disposition) provider and a certified B Corporation, dedicated to creating positive outcomes for customers, the environment, and society through the repurposing of electronic devices. The company emphasizes the highest levels of data security, exceeding Department of Defense standards for data wiping, and holds over a dozen accredited certifications, including NAID AAA Certification. With two decades of experience, CircleIt has established itself as a leader in the ITAD industry, pioneering certified ESG reporting for enterprises and developing a digital ITAD solution tailored for remote workers, small businesses, and individual consumers.
How much funding has CircleIt raised?
CircleIt has raised a total of $5.1M across 2 funding rounds:
Debt
$47K
Series A
$5.1M
Debt (2021): $47K with participation from PPP
Series A (2021): $5.1M led by TeleSoft Partners, Arjun Gupta, and Connor Crown
Key Investors in CircleIt
TeleSoft Partners
TeleSoft Partners is a venture capital firm focused on empowering entrepreneurs with capital, knowledge, and strategic contacts, having supported over 250 companies and numerous successful exits, contributing to a market cap exceeding $1 trillion.
Arjun Gupta
Arjun Gupta, associated with TeleSoft Partners, is an investor focused on providing essential resources to startups and helping them achieve their growth objectives.
Connor Crown
Connor Crown is an individual investor who participated in CircleIt's Series A funding round.
What's next for CircleIt?
The substantial enterprise-level funding CircleIt has garnered, particularly the recent strategic investment, positions the company for accelerated growth and expanded market reach. This capital infusion is likely to fuel further development of its digital ITAD solutions, enhance its ESG reporting capabilities, and strengthen its commitment to data security. As a B Corporation, CircleIt is poised to leverage this financial backing to deepen its positive environmental and social impact while solidifying its leadership in the secure and sustainable disposition of electronic assets.
See full CircleIt company page
