What is eLoop?
eLoop operates as a prominent provider of IT asset disposition (ITAD) and e-waste recycling services, boasting over 15 years of industry experience. The company offers comprehensive solutions, including secure data destruction, asset remarketing, and residential recycling, serving a diverse clientele from small businesses to Fortune 500 corporations. eLoop is dedicated to environmental sustainability, having diverted millions of pounds of electronic waste from landfills while maintaining stringent data security compliance. Their core mission revolves around delivering sustainable solutions for challenging-to-recycle materials, thereby promoting responsible consumption and production patterns.
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?
With the recent influx of capital from a major strategic investment, eLoop is poised for accelerated growth and enhanced service delivery. The large-scale, late-stage funding suggests a focus on strategic expansion, potentially involving market penetration into new territories, technological advancements in recycling processes, or acquisitions to consolidate its market leadership. This financial backing will likely empower eLoop to further its commitment to environmental stewardship and solidify its role as a key player in the circular economy for electronics.
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