Intechra Holding Corp. has secured $30 million in new equity funding from Richland Ventures of Nashville, Oxford Bioscience Partners of Boston, and First Avenue Partners, Nashville,. Intechra is an electronics lifecycle management company.
The company plans to use the funds to support the company’s growth strategy.
"Our clients are demanding an expanded breadth of services and geographic reach to serve their needs," said Chip Slack, Intechra’s CEO. "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 over $50 million in private equity funding.
"We are very excited about our recent investment in Intechra, a national e-lifecycle company that is well positioned in an emerging market," said Matt Gibbs, General Partner of Oxford Bioscience Partners. "We see electronics lifecycle management as a growth segment, particularly with its critical importance to large healthcare and life science companies, which are under tremendous pressure to comply with data security and environmental disposal regulations."
Co-investors in the financing include among others, Chrysalis Ventures, Sewanee Partners and SJF Ventures.
Intechra has six processing centers and two recycling centers in the United States.