Social enterprise Revivn has been working to help solve two major problems for the United States: reducing the amount of electronic waste, and providing device access to underserved communities. The company takes and repurposes outdated electronics from companies like Lyft, Airbnb, and Twitter, and works on initiatives to bring them to schools and communities nationwide.
It’s this second, socially-oriented aspect that distinguishes it from the likes of refurbishment startups Refurbed and Reboxed, or even the recycling giant Electronic Recyclers International. It is this aspect, too, which may help Revivn draw in further investment following previously successful rounds. Social impact investment has grown in recent years, which it could well take advantage of.
Revivn is a public benefit corporation, which means the company itself is aligned with an increased interest in the idea of business as a tool for social or civic good. Perhaps more lucratively for Revivn, larger companies are under increasing pressure from consumers and stakeholders to demonstrate ethical methods of business. This sets its environmental and social focuses as an attractive twofold response.
Freddie
Company Specialist at Welcome to the Jungle
