The plastics recycler has raised $17m in a Waste Management-backed debt and equity round that increased its total funding to $79m.
US-based recycling technology developer MicroGreen Polymers has secured $17m in funding from investors including waste services provider Waste Management, according to technology news source Geekwire.
The round comprised $7m in equity, $5m in convertible debt and $5m in secured debt. Waste Management invested alongside WRF Capital, the venture capital arm of Washington Research Foundation, Confederated Tribes of Grand Ronde, Stillaguamish Tribe and several private investors.
MicroGreen’s technology can reconstitute plastic waste into packaging thereby reducing waste. It has now raised…
