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EcoATM Raises $17M

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San Diego-based EcoATM , the developer of kiosks to help people trade in their old mobile phones and devices for cash, store credit, or gift cards, has raised $17M in a Series B funding round. The new round brings the company's total raised to $31.40M.

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EcoATM Acquired For $350M By Coinstar

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ecoATM develops self-serve kiosks--found in many malls--which lets consumers turn in their mobile phones, tablets, and MP3 players for cash. The acquisition looks to be a great one for EcoATM''s investors, which also included Claremont Creek Ventures, Tao Venture Capital Partners, and Jens Molbak. in funding to date.

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