Dive Brief:

• E-Waste Systems Incorporated (EWSI), an emerging electronic waste and equipment company, announced a second investment from Tanke Incorporated, a holding company specializing in emerging technologies.
• The funds, in the amount of $2.3 million, is the second round of backing EWSI has received from Tanke in February.
• The agreement between the two is comprised of investment terms similar to the initial deal. The investment is to facilitate EWSI's ability to expand into areas where Tanke has established resources, expertise and distribution.

Dive Insight:

According to a statement from Tanke, EWSI is the fastest growing and most efficient electronic waste company on a global level. EWSI recently secured $30 million in backing from Tanke at the beginning of February 2014. The e-waste company also announced the opening of a new electronics recycling facility in Cincinnati, Ohio last week.