On July 31, 2024, Onepak Inc., a digital supply chain and reverse logistics platform that facilitates the flow of used IT hardware and e-waste for responsible repurposing, announced it has raised $20 million from Nuveen, the $1.2 trillion asset manager of TIAA. The investment represents the first in the Nuveen Climate Inclusion Fund II and aligns with Nuveen’s goal of driving an inclusive transition to a low-carbon, circular economy. Wilson Sonsini Goodrich & Rosati advised Onepak on the transaction.

Onepak provides a turnkey solution for IT users and organizations of all sizes to return, recycle, resell, or relocate IT devices. The platform allows original equipment manufacturers, leasing organizations, resellers, and recyclers to seamlessly manage the movement, redeployment, data destruction, disposal, and end-to-end chain of custody of used electronic devices from businesses and consumers.

The Wilson Sonsini team that advised Onepak included Megan Baier, Catherine Riley Tzipori, Stacy Lee, Jen Yamin, and Mesha Rivers.

For more information, please see Onepak’s press release.