SJF Ventures invests in Intechra Holding Corp.

SJF Ventures announced that the firm has invested in Intechra Holding Corp., an electronics recycler and information technology asset disposition company, as part of a $6.5 million equity round. The financing provided the equity component for the recent acquisition of Arizona-based Gold Circuit. Other participants in the round included three existing Intechra investors Richland Ventures, Nashville, TN; Chrysalis Ventures, Louisville, KY; and Clayton Associates, Nashville, TN.

"Managing end-of-life electronic assets is an issue every company faces," said David Griest, Managing Director, SJF Ventures. "Increasing concerns around data security and environmental disposal are leading to the rapid growth of this industry and Intechra is well positioned as the leading IT asset disposition firm in the country with its size, scale and value-add services."

"We are excited to have SJF Ventures as a partner," said Chip Slack, Intechra CEO. "Having one of the leading cleantech venture funds with extensive experience in the recycling sector will enhance our growth and consolidation strategy."

SJF Ventures, with offices in Durham, NC and New York, NY, is a venture capital fund with $40 million under management that helps accelerate the growth of companies whose competitive advantages include cleantech.