Intechra Holding Corp., an electronics recycler and information technology asset disposition company, has raised a $6.5 million equity round, funding the equity component for the recent acquisition of Arizona-based Gold Circuit.
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, along with SJF Ventures.
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.”
Headquartered in Jackson, MS, Intechra is the largest IT asset disposition company in the country with processing centers in Dallas, TX, Phoenix & Casa Grande, AZ and Columbus, OH. The company has over 250 employees in its processing facilities and 10 sales offices across the country. With annual revenues of $55 million in a rapidly-growing industry, Intechra is the only IT asset disposition company with processing facilities in the eastern, western and central regions of the United States.
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