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SJF Ventures announced recently that the firm has invested in
Intechra Holding Corp., an electronics recycler and information
technology asset disposition company, as part of a $6.5 million
equity round. The financing provided the equity component for
the recent acquisition of Arizona-based Gold Circuit. Other
participants in the round included three existing Intechra
investors Richland Ventures of Nashville, TN, Chrysalis Ventures
of Louisville, KY, and Clayton Associates of Nashville, TN.
Intechra helps large businesses retire IT assets such as
personal computers, servers, monitors and printers in compliance
with federal privacy regulations, state and local environmental
laws and in-house policies. Intechra focuses on eliminating the
risks surrounding data security, compliance and environmental
impact, while maximizing value recovery on IT asset investments
for businesses around the world.
“Managing end-of-life electronic assets is an issue every
company faces,” said David Griest, Managing Director, SJF
Ventures. “Increasing concerns around data security and
environmental disposal are leading to the rapid growth of this
industry and Intechra is well positioned as the leading IT asset
disposition firm in the country with its size, scale and
value-add services.”
“We are excited to have SJF Ventures as a partner,” said Chip
Slack, Intechra CEO. “Having one of the leading cleantech
venture funds with extensive experience in the recycling sector
will enhance our growth and consolidation strategy.”
For more Information, please visit:
www.intechra.com
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