Recyclebank
Latest round
- Series E
Last raised
- Dec 2012
Total raised
- $153M
Investors
- 11
About Recyclebank
Recyclebank LLC, founded in 2004 in New York, US, operates a points-based rewards system that incentivizes sustainable practices. The company was acquired by Recycle Track Systems, Inc. in October 2019.Recyclebank’s core offering revolves around a points-based rewards system aimed at promoting sustainable practices within communities. Members earn points through various environmentally-friendly activities such as recycling, participating in environmental education programs, planting trees, and engaging in quizzes. These points can subsequently be redeemed for discounts and offers at local businesses, as well as on sustainable products. The services are designed to incentivize individuals and communities to adopt greener habits while simultaneously benefiting local economies. The revenue structure is based on collaborative agreements with municipal governments, allowing them to offer Recyclebank’s services as part of their waste management strategies. Local businesses provide discounts and offers in exchange for access to the engaged customer base of Recyclebank members, creating a symbiotic relationship that drives traffic to these businesses while rewarding consumers for their environmentally responsible actions.In light of its acquisition, Recyclebank plans to leverage its new partnership to enhance its offerings and expand its reach. The company is focusing on launching new features within its rewards platform, aimed at increasing user engagement. Furthermore, Recyclebank is eyeing expansion into new urban markets across the US, aiming to enter at least five additional cities by the end of 2024.
Who invested in Recyclebank
11 investors across 8 rounds
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Funding rounds
Series E
Dec 12, 2012
Amount
$7.5M
Investors
Series E
Oct 13, 2011
Amount
$52M
Investors
Series D
Jun 17, 2011
Amount
$2.1M
Investors
Series C
Feb 11, 2011
Amount
$19M
Investors
Series C
Oct 27, 2009
Amount
$28M
Investors
Series B
Mar 17, 2008
Amount
$30M
Investors
Series A
Sep 25, 2007
Amount
$2M
Investors
Series A
May 9, 2007
Amount
$13M
Investors
Questions about Recyclebank
Who invested in Recyclebank?
Recyclebank has 11 investors on record across 8 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Recyclebank raised?
Recyclebank has raised 8 venture rounds. Sign up free to see how much each round raised and the total.
When did Recyclebank last raise money?
Recyclebank's most recent round on record is a Series E, in Dec 2012.
What does Recyclebank do?
Recyclebank LLC, founded in 2004 in New York, US, operates a points-based rewards system that incentivizes sustainable practices.
Where is Recyclebank headquartered?
Recyclebank is headquartered in New York, US.
Which VCs invest in companies like Recyclebank?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back environmental services companies at Recyclebank's stage. Their profiles are linked below.
VCs backing environmental services startups at Series E
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