What is eLoop?
With over 15 years of experience, eLoop specializes in comprehensive ITAD and e-waste recycling, offering secure data destruction, asset remarketing, and residential recycling. The company serves a diverse clientele, from small businesses to Fortune 500 corporations, emphasizing environmental stewardship by diverting millions of pounds of e-waste from landfills. eLoop's mission is centered on providing responsible solutions for hard-to-recycle materials, aligning with principles of sustainable consumption and production. Their expertise in handling sensitive data and complex recycling processes positions them as a leader in the circular economy for electronics.
How much funding has eLoop raised?
eLoop has raised a total of $376K across 2 funding rounds:
Debt
$150K
Debt
$226K
Debt (2020): $150K with participation from PPP
Debt (2021): $226K led by PPP
What's next for eLoop?
The recent large-scale, late-stage funding positions eLoop for accelerated growth and enhanced service capabilities. This strategic investment is expected to fuel further innovation in their ITAD processes, expand their geographical reach within the Northeast region, and potentially broaden their service offerings. As eLoop continues to scale its operations, its focus on compliance, data security, and environmental responsibility will remain paramount, reinforcing its role as a critical partner for businesses navigating the complexities of electronic asset lifecycle management and sustainable disposal.
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