Kashless scores $5M for cleantech website
Kashless, a company founded by Martin Tobias, the former CEO of large biodiesel company Imperium Renewables, isn’t ready to come out of stealth mode yet. But a few details have emerged on the company, including a $5 million investment found out by peHUB.
The idea behind the company seems to be a website on which users can get rid of old possessions in cash-free transactions with other users, thus helping keep waste down. However, Tobias has said little, so even those details are uncertain.
The company is based in Seattle, Wash. The funding, its first, was led by RRE Ventures.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.