How Much Did InterConnection Raise?
Funding & Key Investors

InterConnection has successfully secured a significant capital injection, bringing its total funding to $421K. This latest major strategic investment of $271K underscores the organization's pivotal role in the sustainable technology sector. By prioritizing the refurbishment of hardware over traditional disposal methods, the non-profit continues to demonstrate a robust growth trajectory within the circular economy landscape, effectively bridging the digital divide while maintaining high environmental standards.

What is InterConnection?

InterConnection
Consumer ServicesRepair ServicesOrganizations

InterConnection operates as a 501(c)3 non-profit organization dedicated to the refurbishment and nationwide distribution of computing hardware. Positioned at the intersection of digital equity and environmental stewardship, the firm processes over 10,000 units annually. Its operational model focuses on extending the lifecycle of electronic devices, thereby mitigating the ecological impact of electronic waste. By providing affordable technology to underserved communities, InterConnection has established itself as a critical infrastructure provider for digital inclusion, moving beyond simple recycling to foster a more sustainable and equitable technological ecosystem.

How much funding has InterConnection raised?

InterConnection has raised a total of $421K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$271K

Debt (2020): $150K with participation from PPP

Debt (2021): $271K led by PPP

Key Investors in InterConnection

PPP

Public-Private Partnership

What's next for InterConnection?

With this late-stage capital, InterConnection is well-positioned to scale its refurbishment operations and expand its logistical reach. The organization is expected to leverage these funds to enhance its processing facilities and optimize its supply chain, ensuring that more high-quality, refurbished hardware reaches those in need. As the demand for sustainable technology solutions grows, InterConnection's commitment to green disposal and reuse will likely serve as a blueprint for other non-profits aiming to integrate environmental responsibility with social impact. Future strategic initiatives will likely focus on increasing throughput capacity and deepening partnerships with corporate donors to secure a consistent pipeline of hardware.

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Frequently Asked Questions Regarding InterConnection Financial Insights

What are the most recent funding rounds that InterConnection has completed, and what were the funding rounds?
InterConnection has recently completed 2 funding rounds: Debt on Feb 10, 2021, Debt on May 3, 2020.
What is the total amount of funding InterConnection has raised to date?
InterConnection has raised a total of $421K in funding to date.
How many funding rounds has InterConnection completed?
InterConnection has completed 2 funding rounds.
How much funding did InterConnection raise in its most recent funding round?
InterConnection raised $271K in its most recent funding round.
Who are the lead investors in InterConnection's latest funding round?
The lead investor in InterConnection's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in InterConnection's history?
The largest funding round in InterConnection's history was $271K.
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