What is OEM Source?
OEM Source specializes in secure IT asset recovery and compliant e-waste recycling services, catering to a diverse range of industries including financial services, healthcare, education, hospitality, and retail. Their comprehensive suite of offerings encompasses data center disposition, corporate IT asset disposition, e-waste recycling, refurbishment and redeployment, secure data destruction, returns management, value recovery, and insolvency asset recovery. Since its inception in 2004, the company has been committed to helping businesses nationwide achieve their sustainability objectives through secure and efficient handling of electronic assets, thereby maximizing value and minimizing environmental impact.
How much funding has OEM Source raised?
OEM Source has raised a total of $329K across 2 funding rounds:
Debt
$150K
Debt
$179K
Debt (2020): $150K with participation from PPP
Debt (2021): $179K led by PPP
Key Investors in OEM Source
PPP
Public-Private Partnership
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for OEM Source?
The substantial capital infusion, particularly in this large-scale late-stage funding environment, positions OEM Source for accelerated growth and market expansion. This strategic backing is likely to fuel enhancements in operational capacity, technological innovation in data destruction and recycling processes, and broader geographic reach. The company is poised to further solidify its leadership in the IT asset disposition and sustainable electronics management market, potentially exploring new service verticals or strategic partnerships to capitalize on the increasing demand for secure and environmentally responsible IT lifecycle solutions.
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