Remoov receives $2.4 million investment

San Francisco-based Remoov, which describes itself as a decluttering and reselling service, says it has received $2.4 million in new funding from a venture capital firm founded by “a real estate mogul with a passion for social change [who] supports the decluttering startup’s drive to increase charitable upcycling and reduce landfill waste.”

According to public relations spokesperson representing Remoov, the company seeks first to refurbish and resell items it obtains, but Remoov will “responsibly dispose of any remaining items to the proper recycling facilities.”

In a summary of its previous activities, Remoov says it has diverted 560,000 cubic feet of material from landfills since being

Operating in the San Francisco Bay Area, Phoenix and South Florida, Remoov says it helps homeowners and businesses “get rid of and recycle their pre-owned goods in four ways: by picking up what the owners don't want; selling what they can for the owner’s profit; donating what they can; and responsibly disposing of any remaining items.”

Remoov thus far it has reduced America’s 12 million tons of annual landfill waste by some 3,150 tons. "Sustainability is at the core of our business, [and] our investors have a vested interest in supporting companies that have an impact beyond making money,” says Luis Perez, founder of Remoov.

“We are intentional about our business practices and believe that, as citizens of the world, we have a responsibility to prioritize environmental safety and ensure a healthy planet for future generations. We are especially excited to gain support from investors who align with our ideals and want to help us make the world a better place.”

Inspired by its impact, Remoov says investor LAT VC, the fund co-founded by Gary Acosta to invest in Latino-led, tech-enabled businesses, has made the new investment in the company.

“When evaluating potential investments, we look at the company’s potential for growth and also impact in our society,” says Acosta, a founding partner at LAT VC. “Remoov is ideally positioned to provide a service that can help every home and business while reducing global waste.”

LAT VC describes itself as a $100 million purpose-led venture fund that invests in early-stage United States Latino-led and owned businesses. Global executive Sol Trujillo leads the firm. He describes himself as the first U.S.-born Latino to lead a Fortune 200 company. Along with Trujillo, Acosta, Kennie Blanco and new partners Oscar Munoz and Laura Moreno, LAT VC says it is on a mission to change the face of venture capital and entrepreneurship.