TerraCycle is a private U.S.-based recycling business headquartered in Trenton, New Jersey. It primarily runs a volunteer-based recycling platform to collect non-recyclable pre-consumer and post-consumer waste on behalf of corporate donors, municipalities, and individuals to turn it into raw material to be used in new products. TerraCycle also manages Loop, a consumer-products shopping service with reusable packaging. TerraCycle was founded by Tom Szaky and Jon Beyer in the fall of 2001. In 2002, the company bought a US$20,000 continuous-flow composting system invented by Harry Windle of Gainesville, Florida, to take organic waste and have it processed by worms into fertilizer. Initial funding came from family and friends of Szaky and Beyer, as well as awards from business plan competitions. Further funding came from private investors. The first investor was Sumant Sinha, who gave $2,000 in exchange for 1% of the company stock. More information...
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