Intechra lands $30 million in equity capital

Recycling Today, August, 2007

Intechra Holding Corp., Jackson, Miss., has secured $30 million in new equity funding from Richland Ventures of Nashville, Oxford Bioscience Partners of Boston and First Avenue Partners of Nashville.

Intechra says it plans to use the funds to support its growth strategy.

"Our clients are demanding an expanded breadth of services and geographic reach to serve their needs," Chip Slack, Intechra CEO, says. "This additional equity capital significantly enhances our ability to do both and complete our growth plan over the next two years, including our global growth strategy."

During the past two years, Intechra has attracted more than $50 million in private equity funding.

Matt Gibbs, general partner of Oxford Bioscience Partners, says, "We see electronics lifecycle management as a growth segment, particularly with its critical importance to large health care and life science companies, which are under tremendous pressure to comply with data security and environmental disposal regulations."

Co-investors in the financing include Chrysalis Ventures, Sewanee Partners and SJF Ventures, among others.