DURHAM, N.C. — SJF Ventures, a venture capital firm based in Durham, has made an investment in a Mississippi company that focuses on recycling of electronics and disposal of information technology assets.
SJF Ventures is a new investor in Intechra Holding Corp. The firm raised $6.5 million in all, and with those funds Intechra purchased Gold Circuit, an Arizona-based company.
Existing Intechra investors Richland Ventures of Nashville, Tenn., Chrysalis Ventures of Louisville, Ky., and Clayton Associates of Nashville, Tenn. also participated in the round.
“Managing end-of-life electronic assets is an issue every company faces,” said David Griest, managing director of 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.”
Intechra is based in Jackson, Miss., and has processing centers in Texas, Arizona and Ohio plus 10 sales offices. The company employs more than 250 people and has annual revenues of $55 million.
SJF Ventures: www.sjfund.com