What is eLoop?
Headquartered in the Northeast United States, eLoop has established itself as a cornerstone of the e-waste recycling industry over the past 15 years. The firm provides a comprehensive suite of services, including secure data destruction, asset remarketing, and large-scale recycling solutions tailored for both small enterprises and Fortune 500 corporations. By bridging the gap between corporate data security requirements and environmental stewardship, eLoop ensures that sensitive hardware is processed in full compliance with rigorous industry standards. Their operational model is centered on the circular economy, effectively diverting millions of pounds of electronic waste from landfills while maximizing the residual value of retired IT assets for their clients.
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
Key Investors in eLoop
PPP
Public-Private Partnership
What's next for eLoop?
With the successful completion of this late-stage funding round, eLoop is well-positioned to scale its infrastructure and expand its service footprint. The strategic deployment of this capital will likely focus on enhancing proprietary data destruction technologies and increasing the capacity of their recycling facilities to meet the rising demand for sustainable enterprise solutions. As regulatory scrutiny regarding data privacy and environmental impact intensifies, eLoop's commitment to responsible consumption and production provides a significant competitive advantage. The company is expected to leverage these resources to further integrate its services into the supply chains of major corporations, reinforcing its status as a vital partner in the global transition toward sustainable technology management.
See full eLoop company page
