Friday, April 1, 2011

Agilyx Raises $22M

Tigard, Oregon-based Agilyx, a firm developing processes to convert waste plastic into oil, has raised $22M in funding in a Series B round. The round was led by Kleiner Perkins Caufield & Byers, and also included Waste Managing, Inc. and Total Energy Ventures International. Agilyx has developed a conversion technology which can be used to convert difficult to recycle plastics into synthetic crude oil. More information »