FRX Polymers Lands $11,000,000 Series B Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=609fe068-74c0-4148-960c-ea0d9077a278&Preview=1
Date
4/2/2012
Company Name
FRX Polymers
Mailing Address
200 Turnpike Road Chelmsford, MA 01824
Company Description
Welcome to FRX Polymers (FRX), the clear choice for Flame Retardancy. Our polymers are fully transparent, high flowing and due to their high phosphorus content, are inherently non-burning. FRX Polymers is developing Homopolymers and Copolymers for intended use as both Polymeric Flame Retarding Additives and as Specialty Polymers. We welcome you to our website and to our exciting new polymer products.
Website
http://www.frxpolymers.com
Transaction Type
Venture Equity
Transaction Amount
$11,000,000
Transaction Round
Series B
Proceeds Purposes
The funds will be used to partially finance FRX’s first commercial scale production facility, scheduled to come on stream during Q4 2013 in Antwerp, Belgium, as well as to expand its Swiss pilot facility, build out its team, and complete its global product registration process.
M&A Terms
Venture Investor
DB Masdar Fund
Venture Investor
BASF Venture Capital America
Venture Investor
Capricorn Cleantech Fund
Venture Investor
Israel Cleantech Ventures