About Recyclebank
Recyclebank is a company based in New York (United States) founded in 2004 was acquired by RTS in October 2019.. Recyclebank has raised $90.1 million across 3 funding rounds from investors including Kleiner Perkins, RTS and Physic Ventures. The company has 75 employees as of December 31, 2021. Recyclebank operates in a competitive market with competitors including Trash2Cash, Betterbin, Oxyn, Rewards For Recycling and Recycletek, among others.
- Headquarter New York, United States
- Employees 75 as on 31 Dec, 2021
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Sectors
Environment
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$90.1 M (USD)
in 3 rounds
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Latest Funding Round
$47 M (USD), Series C
Feb 22, 2011
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Investors
Kleiner Perkins
& 7 more
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Employee Count
75
as on Dec 31, 2021
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Acquired by
RTS
(Oct 24, 2019)
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Funding Insights of Recyclebank
Recyclebank has successfully raised a total of $90.1M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $47 million completed in February 2011. 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 3
- Last Round Series C — $47.0M
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First Round
First Round
(09 May 2007)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2011 | Amount | Series C - Recyclebank | Valuation |
investors |
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| Mar, 2008 | Amount | Series B - Recyclebank | Valuation |
investors |
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| May, 2007 | Amount | Series A - Recyclebank | Valuation |
investors |
| 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 |
Investors in Recyclebank
Recyclebank has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Kleiner Perkins, RTS and Physic Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Private equity firm focused on sustainable investments
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Founded Year | Domain | Location | |
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VC firm investing in seed and early stage companies in the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Recyclebank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
Financial Statements - Recyclebank
| 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 |
Recyclebank Comparisons
Competitors of Recyclebank
Recyclebank 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 Trash2Cash, Betterbin, Oxyn, Rewards For Recycling and Recycletek, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Operates a digital platform for efficient waste collection and management services.
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| domain | founded_year | HQ Location |
Reward-based recycling solutions are provided through an online platform.
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| domain | founded_year | HQ Location |
Developer of a decentralized marketplace for supporting environmental causes
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| domain | founded_year | HQ Location |
Community program rewarding residents for curbside recycling participation.
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| domain | founded_year | HQ Location |
Offers an online platform for reward-based waste collection and recycling solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about Recyclebank
When was Recyclebank founded?
Recyclebank was founded in 2004 and raised its 1st funding round 3 years after it was founded.
Where is Recyclebank located?
Recyclebank is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Recyclebank a funded company?
Recyclebank is a funded company, having raised a total of $90.1M across 3 funding rounds to date. The company's 1st funding round was a Series A of $13.1M, raised on May 09, 2007.
How many employees does Recyclebank have?
As of Dec 31, 2021, the latest employee count at Recyclebank is 75.
What does Recyclebank do?
Recyclebank was founded in 2004 in New York, United States, within the environmental services and rewards sector. Household recycling volumes are measured by the company and converted into points redeemable at online platforms and partner merchants. Operations include an e-commerce site, OneTwine.com, where sustainable products are offered to support eco-friendly choices. The program focuses on incentivizing waste reduction across residential areas in the U.S.
Who are the top competitors of Recyclebank?
Recyclebank's top competitors include Betterbin, Oxyn and Trash2Cash.
Who are Recyclebank's investors?
Recyclebank has 8 investors. Key investors include Kleiner Perkins, RTS, Physic Ventures, Generation Investment Management, and Paul Capital.