Wednesday, May 19, 2010

MicroGreen Polymers Gets $6.9M

Seattle-based MicroGreen Polymers, a firm which is developing technology to reduce the amount of plastic required in consumer products, announced today that it has received $6.9M in a Series B round of financing. The firm said that the funding came from strategic investor Waste Management, along with WRF Capital, Northwest Energy Angels, and other private investors. The company said the funding will go towards engineering, sales, and marketing staff, and also to expand commercial production of its products. The firm has created a technology which reduces the amount of plastic used in consumer product production, which is in particular geared towards recycled PET. More information »