• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar

Green VC

News & resources for a better world

  • Green and Social Venture Capital
  • Awards and Fellowships
  • Crowdfunding Sources
  • Press Releases
  • Contact

Flipswap Receives $14 Million in Series B Financing

November 12, 2008 by Staff

Flipswap

Flipswap, a Los Angeles-based mobile phone and iPod trade-in and recycling company, announced today that it has obtained $14 million in a Series B financing round from RRE Ventures and NGEN Partners. 

Flipswap was founded in 2005 and enables consumers to trade in their mobile phone or Apple iPod and obtain cash, make a donation, or receive credit for a new device.  The company also provides a variety of merchant services to brick and mortar stores, websites, and non-profit organizations.  Since Flipswap’s launch in 2005, consumers have provided Flipswap with more than 700,000 devices.  According to the company, in 2007 it placed enough mobile phones back into circulation to keep the equivalent of 50 tons of solid waste out of U.S. landfills.

“We saw a novel way to apply incentive principles to worldwide challenges of electronic waste. It’s an important mission,” says Sohrob Farudi, CEO of Flipswap. “We are fortunate to have found strong and forward thinking partners; it’s a huge vote of confidence for Flipswap to be recognized as an innovator with the backing of two leading firms during these tough economic times.”

“Flipswap is directly tackling issues of electronic waste and environmental sustainability through a highly scalable business model,” said Rosemary Ripley, managing director with NGEN. “With this investment we see significant opportunities to grow the Flipswap brand, platform and distribution footprint.”

“We were impressed with Flipswap’s innovative business approach to this growing global challenge, as well as their ability to execute and build momentum despite market conditions,” said Harsh Patel, venture partner with RRE Ventures. “We are delighted to support companies committed to positive environmental impact through entrepreneurship.” 

For more information:

  • Flipswap – Home page 
  • Flipswap Announces $14 Million Capital Investment (November 12, 2008)

Filed Under: Flipswap, Funding News, Green Venture Capital, NGEN Partners, Recycling, RRE Ventures, Southern California

Primary Sidebar

Featured Jobs

* Program Associate, Packard Fellowship for Science and Engineering, David and Lucile Packard Foundation (Los Altos, CA)
* Light Duty Vehicles Fellowship, The International Council on Clean Transportation (Berlin, Germany)
* Restoration Project Advisor (Part-Time), Chesapeake Conservancy (Selinsgrove, PA)
* Program Director, Salazar Center For North American Conservation (Colorado State University) (Fort Collins, CO)
* Environmental Media Communications Specialist, Burness (DC area preferred)
* Value Chain Certification Officer, SustainCERT (Location Flexible)
* Life Cycle Analysis Specialist, SustainCERT (Switzerland)
* Controller, Educate! (Location Flexible, Denver preferred)
* Staff Scientist, Environmental Law Alliance Worldwide (Eugene, OR)
* Associate Analyst, Resource Recycling Systems (RRS) (Ann Arbor, MI)
* Program Manager, Solstice (Cambridge, MA)
* Senior CRM Specialist, 350.org (Location Flexible)
* Director of Policy Analysis for Global Initiatives, Climate Imperative Project, Energy Innovation: Policy and Technology (Location Flexible)
* Initiative Strategy Director, Energy Innovation: Policy and Technology (Location Flexible)
* Director of US Operations, Plastic Credit Exchange (Location Flexible)
* Development Operations Manager, Trout Unlimited (Arlington, VA)
* Executive Director, Tyonek Tribal Conservation District (Anchorage, AK)
* Project Staff, NEWMOA (Boston, MA)
* Senior Analyst, Program Strategy and Impact, Sustainable Conservation (San Francisco or Modesto area)
* Communications Coordinator, Georgia River Network (Flexible in Georgia)
* Sustainability Manager, Bob's Red Mill (Milwaukie, OR)
* Farm and Food System Fellowship, Allegheny Mountain Institute (Highland County, VA)
* Invasive Species Management Steward (Summer 2021), The Nature Conservancy (Keene Valley, NY)
* Product Marketing Manager - ESG, NAVEX Global (Lake Oswego, OR)
* Senior Officer, Human Dimensions, Conservation Science, The Pew Charitable Trusts (Washington, DC)
* Policy Analyst, Energy Innovation: Policy and Technology (San Francisco, CA)
* Sustainability Graduate Fellowship, Hanley Sustainability Institute at the University of Dayton (Dayton, OH)
* Conservation Finance Director, Texas Water Trade (Austin, TX)
* Vice President for Engagement, Pacific Forest Trust (San Francisco, CA)
* Director of Grassroots Relationships, Liberation in a Generation (Location Flexible)
* Manager, Environmental Policy, American Public Power Association (Arlington, VA)
* Senior Accountant, PolicyLink (Oakland, CA)
* Global Program Director, The Sunrise Project (Location Flexible)
* VP for Development, Trout Unlimited (Arlington, VA)
* Marine Research Associate, University of Rhode Island (South Kingstown, RI)
* Government Affairs Director, The Climate Center (Sacramento, CA)
* NRCS Program Assistant, Massachusetts Association of Conservation Districts (Amherst, MA)
* Executive Director, Lane Regional Air Protection Agency (Springfield, OR)
* Director of Solid Waste and Recycling, City of Broken Arrow (Broken Arrow, OK)
* Sustainability Associate, USAA Real Estate (San Antonio, TX)
* Outreach Coordinator, Calaveras Community Action Project (San Andreas, CA)
* Membership Specialist, Rainforest Action Network (Location Flexible)
* Youth Outdoors Leader, Conservation Corps of Minnesota and Iowa (Minneapolis / St. Paul, MN)
* NRCS Program and Technical Assistance Provider, MA Association of Conservation Districts (West Yarmouth, MA)
* Associate Director of Outreach and Engagement, Building Innovation Hub, Institute for Market Transformation (Washington, DC)
* Manager - Business Engagement, Institute for Market Transformation (Washington, DC or Remote)
* Farm Manager, Ekar Farm (Denver, CO)
* Natural Resource Management Restoration Crew Leader, Forest Preserve of Will County (Joliet, IL)
* Senior Manager - Human Resources and Employee Experience, Rainforest Action Network (San Francisco or Remote)
* Aquatic Science Officer, The Pew Charitable Trusts (Washington, DC)

Click here to have your job listed!

Copyright © 2021 · Magazine Pro on Genesis Framework · WordPress · Log in