What is Recleim?
Founded in 2012 and headquartered in Atlanta, Georgia, Recleim specializes in closed-loop resource recovery for residential and commercial appliances. Operating across the East Coast and nationwide, the company employs advanced design and technology for collection, de-manufacturing, and recycling. Recleim's sophisticated processes achieve a remarkable 95% recovery rate for commodity components, including steel, aluminum, copper, plastic, and foam pellets, which are then channeled to global commodity markets. A key aspect of Recleim's operation is its commitment to environmental stewardship, utilizing state-of-the-art technology to capture and mitigate harmful refrigerants and greenhouse gases, thereby reducing air quality impacts and ozone depletion.
How much funding has Recleim raised?
Recleim has raised a total of $22M across 2 funding rounds:
Debt
$20M
Debt
$2M
Debt (2014): $20M with participation from AMCREF Community Capital
Debt (2020): $2M led by PPP
Key Investors in Recleim
AMCREF Community Capital
AMCREF Community Capital is an impact-driven specialty finance firm that supports innovative businesses aimed at creating quality jobs and economic opportunities within their communities. The firm has deployed over $800 million in New Markets Tax Credit capital and has funded more than 70 innovative businesses.
PPP
Public-Private Partnership
Undisclosed Investor
Undisclosed investor participating in the funding round.
What's next for Recleim?
The recent major strategic investment indicates Recleim's readiness for expanded operations and technological advancements in appliance recycling. This capital infusion is likely to fuel growth initiatives, enhance its de-manufacturing capabilities, and potentially broaden its geographic reach. As an enterprise-level player in resource recovery, Recleim is well-positioned to capitalize on increasing demand for sustainable waste management solutions and the growing emphasis on circular economy principles. Future developments may include strategic partnerships to further optimize the supply chain for recovered materials and investments in R&D to improve recycling efficiency and expand the range of recoverable components.
See full Recleim company page
