MicroGreen Polymers, Inc. Obtains $1,600,000 New Funding Round

  • Feed Type
  • Date
    7/9/2009
  • Company Name
    MicroGreen Polymers, Inc.
  • Mailing Address
    19421 59th Avenue NE Arlington, WA 98223
  • 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 (“Micro” derived from the microcellular technology and “green” from the eco-friendly nature of the technology). 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
    $1,600,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The money will be used to build up MicroGreen’s commercial manufacturing capacity, and boost its payroll from 9 people to as many as 30 over the next year, says CEO Tom Malone.
  • M&A Terms
  • Venture Investor
    WRF Capital
  • Venture Investor
    Alliance of Angels
  • Venture Investor
    Northwest Energy Angels
  • Venture Investor
    Atlas Accelerator