About PROSHRED
PROSHRED is a company based in Charlotte (United States) founded in 1986.. PROSHRED has raised $25 thousand across 1 funding round. PROSHRED has completed 2 acquisitions, including Confidential Shredding and On Guard Shredding. PROSHRED offers products and services including Paper Shredding, Hard Drive Destruction, Product Destruction, and Document Scanning. PROSHRED operates in a competitive market with competitors including ERI, Wisetek, Momentum Technologies, Eco Recycling and Regenx, among others.
- Headquarter Charlotte, United States
- Stage Public
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Sectors
Environment
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Email
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Phone
*********
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Website
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Social
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- Legal Name Redishred Capital Corp
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$25 K (USD)
in 1 rounds
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Latest Funding Round
$25 K (USD), Unspecified
Jan 06, 2010
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Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Confidential Shredding
& 1 more
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Products & Services of PROSHRED
PROSHRED offers a comprehensive portfolio of products and services, including Paper Shredding, Hard Drive Destruction, Product Destruction, and Document Scanning. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Secure on-site shredding of paper to prevent identity theft and ensure compliance.
On-site destruction of hard drives to protect digital information from breaches.
Shredding of products for secure elimination of branded or sensitive items.
Conversion of paper documents to digital format for organized storage and access.
Funding Insights of PROSHRED
PROSHRED has successfully raised a total of $25K through 1 strategic funding round. The most recent funding activity was a Unspecified round of $25 thousand completed in January 2010. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Unspecified — $25,000
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First Round
First Round
(06 Jan 2010)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2010 | Amount | Unspecified - PROSHRED | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by PROSHRED
PROSHRED has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Confidential Shredding and On Guard Shredding. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of secure shredding services for businesses and individuals, offering document and hard drive destruction on both scheduled and one-time cleanouts.
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2007 | ||||
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Secure on-site and off-site shredding services are provided for businesses.
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - PROSHRED
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Proshred Comparisons
Competitors of PROSHRED
PROSHRED operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ERI, Wisetek, Momentum Technologies, Eco Recycling and Regenx, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
E-waste recycling and asset disposition services are provided globally.
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| domain | founded_year | HQ Location |
E-waste recycling and remanufacturing services are provided worldwide.
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| domain | founded_year | HQ Location |
Rare earth elements from e-waste are recovered through technology solutions.
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| domain | founded_year | HQ Location |
E-waste recycling and reverse logistics services are provided.
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| domain | founded_year | HQ Location |
Precious metals are recovered from end-of-life materials via clean-tech solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Proshred
Frequently Asked Questions about PROSHRED
When was PROSHRED founded?
PROSHRED was founded in 1986 and raised its 1st funding round 24 years after it was founded.
Where is PROSHRED located?
PROSHRED is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
Who is the current CEO of PROSHRED?
Jeffrey I Hasham is the current CEO of PROSHRED.
Is PROSHRED a funded company?
PROSHRED is a funded company, having raised a total of $25K across 1 funding round to date. The company's 1st funding round was a Unspecified of $25K, raised on Jan 06, 2010.
What does PROSHRED do?
PROSHRED was established in 1986 in Charlotte, United States, as a provider of document shredding and recycling services. Secure destruction of sensitive materials is handled through on-site, off-site, and mobile options for businesses and organizations. Operations span multiple locations across the United States, with a focus on compliance and environmental recycling standards in the waste management sector.
Who are the top competitors of PROSHRED?
PROSHRED's top competitors include ERI, Wisetek and Eco Recycling.
What products or services does PROSHRED offer?
PROSHRED offers Paper Shredding, Hard Drive Destruction, Product Destruction, and Document Scanning.
How many acquisitions has PROSHRED made?
PROSHRED has made 2 acquisitions, including Confidential Shredding, and On Guard Shredding.
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