Coinstar invests in EcoATM following a personal investment from the Nasdaq-listed company's chief executive in February.
EcoATM, a US-based automated system provider for recycling consumer electronics, has raised an undisclosed amount of venture funding from Coinstar following a personal investment from the Nasdaq-listed company’s chief executive in February.
Coinstar recently bought DVD kiosk company Redbox to expand the products it offers from automated drop-off points.
Founded in 2008, EcoATM scans used electronic devices, such as mobile phones and iPods, to gauge value and pay consumers before reselling them worldwide or reclaiming the components.
Gregg Kaplan, president…
