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 Recellular grows with Investor growth

  • August 11th, 2008
  • 7:01 am

Investor Growth Capital is going to invest $15 million in a Series A Preferred Stock financing revealed ReCellular, cell-phone recycling firm.  This investment  also adds a growing clean-tech company to IGC’s portfolio, and will enable ReCellular to handsets. From past 8 years, with an average of 25% Recellular revenue has increased. Present status of the company reconceals its growing status also it is the leading collector, recycler and refurbisher of cell phones in the world. At the global level there is an excellent oppurtuity for its growth considering the statistics, there are around 3.3 billion cell-phone users worldwide, 130 millon  phones retired in the U.S. every year.