What is Spring Back Recycling?
Spring Back Recycling is a pioneering enterprise dedicated to the eco-friendly collection and recycling of used mattresses. Operating across the United States, the company diverts over 90% of mattress materials from landfills, transforming them into new products. Beyond its environmental mission, Spring Back Recycling is committed to social impact, creating job opportunities for disenfranchised individuals, including formerly incarcerated men, recovering addicts, and homeless veterans, through its sustainable waste diversion business model. The company collaborates with local non-profits to provide holistic support to its employees, positioning itself as a key player in both the sustainability and social enterprise sectors.
How much funding has Spring Back Recycling raised?
Spring Back Recycling has raised a total of $33K across 1 funding round:
Debt
$33K
Debt (2021): $33K with participation from PPP
Key Investors in Spring Back Recycling
PPP
Public-Private Partnership
What's next for Spring Back Recycling?
With its recent influx of substantial expansion capital, Spring Back Recycling is poised for accelerated growth. The company's strategic focus on scaling its operations and deepening its social impact initiatives is expected to drive further innovation in mattress recycling technologies and workforce development. This latest financing, characterized as significant Series B/C stage funding, signals investor confidence in Spring Back Recycling's proven model and its capacity to address environmental challenges while fostering economic opportunity. Future endeavors will likely involve expanding service reach to more institutions and communities seeking responsible disposal solutions.
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