Electronics lifecycle management company Intechra Holding Corp. announced it has secured $30 million in new equity funding led by Richland Ventures of Nashville, Oxford Bioscience Partners of Boston and First Avenue Partners of Nashville.
“Our clients are demanding an expanded breadth of services and geographic reach to serve their needs,” said Intechra CEO Chip Slack. “This additional equity capital significantly enhances our ability to do both and complete our growth plan over the next two years, including our global growth strategy.”
Intechra helps large businesses recycle end-of-life IT assets to derive their highest value while mitigating the data security and environmental risks of asset disposal.
During the past two years, Intechra has attracted over $50 million in private equity funding.
“We are very excited about our recent investment in Intechra, a national e-lifecycle company that is well positioned in an emerging market,” said Matt Gibbs, General Partner of Oxford Bioscience Partners. “We see electronics lifecycle management as a growth segment, particularly with its critical importance to large healthcare and lifescience companies, which are under tremendous pressure to comply with data security and environmental disposal regulations.”
Co-investors in the financing include among others, Chrysalis Ventures, Sewanee Partners and SJF Ventures.
Intechra is the largest and fastest growing electronics lifecycle management company in the United States. The company recently acquired Gold Circuit in Phoenix and Casa Grande, Ariz.; as well as EPC in Los Angeles; Market2Market in Columbus, Ohio; and SpaceFitters in Hartford, Conn. Intechra is the only full-service electronics lifecycle management company with coast-to-coast facilities.
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