Electrobac
Latest round
- Seed
Last raised
- Aug 2018
Total raised
- $1M
Investors
- 2
About Electrobac
Electrobac Inc. is a Montreal-based company focused on innovative e-waste recycling solutions.Electrobac Inc. was founded in 2011 and specializes in e-waste management through its smartbin technology. The company is headquartered in Montreal, Canada. The founder, Philip Bénard, has a history of entrepreneurial involvement but specific prior ventures are not detailed.Electrobac specializes in e-waste recycling solutions, primarily through its innovative smartbin technology. These smartbins facilitate the collection and recycling of electronic waste by providing users with a convenient and efficient way to dispose of their old electronic devices. The smartbins are strategically placed in various locations, targeting urban centers and community hubs to maximize accessibility for consumers and businesses alike. This solution addresses the significant issue of e-waste by promoting responsible recycling practices among end users, which include individuals, small businesses, and large corporations.Electrobac generates revenue through the deployment of its e-waste smartbins, operating primarily on a partnership model with local municipalities, businesses, and retail sectors. Clients enter into agreements to host smartbins at their locations, enabling them to provide a valuable service to their customers while participating in sustainable practices. The revenue structure includes transaction fees or service fees associated with the collection and processing of e-waste, as well as potential subscription models for ongoing service and maintenance of the smartbins. The company is designing new smartbin models that are expected to launch in the coming years, enhancing the user experience in e-waste disposal. Additionally, Electrobac aims to expand its operations into new geographical regions, with a focus on increasing its presence in Europe by 2024. These strategies are intended to leverage the growing demand for responsible e-waste management solutions.
Who invested in Electrobac
2 investors across 1 round
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Funding rounds
Seed
Aug 15, 2018
Amount
$1M
Investors
Questions about Electrobac
Who invested in Electrobac?
Electrobac has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Electrobac raised?
Electrobac has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Electrobac last raise money?
Electrobac's most recent round on record is a Seed, in Aug 2018.
What does Electrobac do?
Electrobac is a environmental services company.
Where is Electrobac headquartered?
Electrobac is headquartered in Montreal, Canada.
Which VCs invest in companies like Electrobac?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back environmental services companies at Electrobac's stage. Their profiles are linked below.
VCs backing environmental services startups at Seed
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