Building on UMCP research, PaverGuide supplies a base material for laying paved surfaces made from recycled plastic rather than stone.
PaverGuide, a US-based pavement base material developer based on University of Maryland, College Park (UMCP) research, obtained $650,000 in a round today co-led by a $300,000 contribution from University System of Maryland’s Momentum Fund.
UMCP-backed seed vehicle Chesapeake Bay Seed Capital Fund also invested $300,000 to co-lead the round, with the remaining $50,000 supplied by investment firm Pin Oak Capital.
Chesapeake Bay Seed Capital Fund is funded by the Maryland Technology Enterprise Institute – which is based at…