RecycleBank Raises $28.25 million

RecycleBank, the recycling program company that was founded in Philly but later moved to New York, has raised $28.25 million,
according to PE Hub. The company had previously raised $32 million.
Its hard to root for a company that left Philly for New York, but they stiil have operations and people here.

Update: RecycleBank representatives tell me they have 32 employees in Philadelphia.

Daily Links 11/02/09: Read Write Web Praises Proton Media

Comcast Said to Be Close to Gaining NBC Universal (New York Times)
Comcast finalizing deal for NBC Uni stake (Hollywood Reporter)
Meanwhile, Broadcasting & Cable suggests that the first thing Comcast will look to do after buying NBC Universal is to sell off the NBC network, holding on to the cable channels and presumably the Universal Studios. Not sure how this makes sense.

Comcast Should Buy Netflix Instead Of NBC (Silicon Alley Insider)

Innovation education at Weiss Tech House is spawning new companies (Philly.com: Philly Inc)


Proton Media: The Most Advanced Collaboration Technology in the Market? (Read Write Web)
Proton Media is based in Lansdale.

Boston Wonders Where Its FiOS Is
Verizon bumps Boston down priority list in revenge move... (Broadband Reports)

Family awarded $16.5 million for wrongful death in 'Hold Your Wee for a Wii' contest (Engadget)

Entercom Communications Corp. Reports Third Quarter Results (Business Wire)

Philadelphia Inquirer, Macy's, Congratulate Phillies For Winning Second Straight World Series (Silicon Alley Insider)

Technitrol Reports Q309 Results, Board Declares Dividend
(Business Wire)

Intelligroup Q3 EPS Rise to $0.09 versus $0.06 on 330 Basis Point Gross Margin Improvement (Business Wire)

First Round Capital Entertainment Summit (Nothing to Say)

INRIX Traffic Powers ALK's CoPilot(R) Live(TM) Smartphone Navigation in North America (LBSzone.com)



permalink