ecoATM Gets Funding

San Diego-based ecoATM, a developer of automated kiosks for recycling cell phones and other electronics, said this morning that it has raised a first institutional round of funding. The round came from TAO Venture Partners, the new venture firm run by Tom Clancy. Amount of funding was not disclosed. As part of the funding, ecoATM said that Jens Molbak, founder of Coinstar, has joined the company's board and also invested in the round. TAO's Clancy also joins the board. Clancy was previously managing director at Enterprise Partners. More information »