The startup provides a platform that facilitates the circular economy for information and communications technology (ICT) by enabling organizations to sell their used electronics to refurbishers and recyclers or purchase certified refurbished products. This technology addresses the challenge of electronic waste and promotes sustainable practices by creating a streamlined supply chain for ICT assets.
Funding
$490K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Organizations face challenges in sustainably managing their information and communications technology (ICT) assets, leading to electronic waste and loss of potential value recovery. Traditional disposal methods often result in environmental harm and failure to recapture the economic value of used electronics. A streamlined process is needed to connect organizations with refurbishers and recyclers, facilitating a circular economy for ICT assets.
Solution
Circular Tech provides a platform designed to facilitate the circular economy for ICT assets, enabling organizations to manage their IT equipment sustainably. The platform offers solutions for IT asset disposition (ITAD), connecting companies with refurbishers and recyclers to revalue used IT assets. It also supports circular IT procurement by enabling the purchase of certified refurbished products, maximizing IT investments and promoting carbon neutrality. Additionally, the platform offers tools to calculate and certify the economic and environmental impact of IT transactions for sustainability reporting.
Target Audience
The primary customers are medium to large enterprises, public sector organizations, refurbishers, and recyclers involved in the ICT industry.
Features
- **reCover:** A solution for IT asset disposition, enabling organizations to cash out on used IT assets through a single channel.
- **reSource:** Facilitates circular IT procurement by providing access to certified refurbished products.
- **reCert:** Calculates the economic and environmental impact of IT transactions and certifies them for sustainability reporting.
- Platform connects organizations with refurbishers and recyclers.
- Supports the development of tailored ITAD programs.