The most low-tech of clean technologies, recycling, got a boost today. RecycleBank, a Philadelphia-based startup that runs incentive-based recycling programs, has raised $30 million in Series B funding led by the high-profile VCs at Kleiner Perkins, PEHub reports via VentureWire. RecycleBank’s round also included existing investors RRE Ventures and Sigma Partners, who together invested $13.1 million in a Series A financing last year.
As far as low-tech cleantech goes, this is a big investment. Kleiner Perkins Partner John Doerr was quite excited about RecycleBank’s mission and business when he talked about the company at the Berkeley Energy Symposium, saying applying the right business model to existing technology can be good business for the planet.

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