Dive Brief:

• Greensburg, PA-based Commonwealth Computer Recycling, which specializes in e-waste disposal and data destruction, has completed a fundraising round with plans to use the undisclosed amount of proceeds to expand its IT asset disposition (ITAD), data destruction, and e-waste recycling services.
• The company will focus on Eastern Pennsylvania and Delaware, where it sees potential for short-term growth, with later plans to expand across the mid-Atlantic region and beyond, according to Serdar Bankaci, CEO and founder of Commonwealth Computer Recycling as reported in Waste Management World.
• The company operates a R2-certified recycling facility ,and in 2014 opened an Aston, PA-based transfer station in partnership with Elwyn Industries, a non-profit organization serving people with intellectual, developmental, and behavioral challenges.

Dive Insight:

Electronic waste recycling is burgeoning as seen by transactions by companies like Mesa, AZ-based ER2 Electronic Responsible Recyclers and 3S International of Mount Pleasant, MI.

The market will likely keep growing as the message continues that electronic waste is a top contributor to landfills’ toxic load. As companies and businesses think about safely disposing of their computers, phones, tablets, and other e-waste, they will also likely think about where the data on those devices go — and Bankaci expects to fill the data management service void while also diverting from landfills. 

With locations strategically place outside of Pittsburgh and Philadelphia, the company plans to build its customer base from northern New Jersey to Washington, DC, and from Philadelphia to Cleveland, according to Bankaci. Now a new Delaware law has the company more convinced it’s in the right place at the right time. The law requires entities doing business in that state to destroy their employees’ and customers’ personal identification information.  Commonwealth Computer Recycling has put thought into choosing its backers too.

"Our new investors' proven track records in scaling small businesses make them a logical fit for this next phase of our company," said Bankaci in a press release.