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Recyclops announces $3 million seed investment


Utah Business
Recyclops announces the closing of a $3 million seed investment led by Lerer Hippeau and The Clorox Company. Other key investors include Utah-based Kickstart and Revolution’s Rise of the Rest Seed Fund, part of AOL founder and prolific investor Steve Case’s DC-based venture capital firm Revolution that invests in seed and early-stage companies.
Recyclops’ mission is to make recycling accessible and sustainable for all by bringing it to areas where it doesn’t currently exist. “People still care about recycling. They still want to recycle, even if their communities don’t offer it,” says Ryan Smith, founder and CEO of Recyclops, a Utah-based startup with 32 employees. “There are just a few logistical challenges that have kept recycling from taking off. We are addressing them.”  ....

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