MicroGreen Polymers Secures $6,900,000 Series B Financing
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9b0249d3-2171-4cf9-ae22-6e935a247a11&Preview=1 - Date
5/19/2010 - Company Name
MicroGreen Polymers - Mailing Address
7220 201st Street NE Arlington, WA 98223-7477 - Company Description
MicroGREEN Polymers is on a mission to give the plastics industry and the world environmentally sound plastics technologies with substantial economic advantages. MicroGREEN Polymers Inc. was incorporated September 11, 2002, in Washington State. The founders, Greg Branch and Krishna Nadella, were working on advanced degrees at the University of Washington in the field of microcellular polymer manufacturing. They continued technology development and negotiated with the University of Washington to license existing patents. - Website
http://www.microgreeninc.com/ - Transaction Type
Venture Equity - Transaction Amount
$6,900,000 - Transaction Round
Series B - Proceeds Purposes
MicroGreen says the money will be used to hire more engineering, sales, and marketing staff, and to expand the company’s commercial production capabilities for consumer products. - M&A Terms
- Venture Investor
Waste Management Inc. - Venture Investor
WRF Capital - Venture Investor
Undisclosed
