Recovery Technology Solutions Obtains $16,500,000 Series A Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2a06a64a-cc4f-44bb-934c-3df05b10a411
Date
9/12/2013
Company Name
Recovery Technology Solutions
Mailing Address
7700 Equitable Drive Eden Prairie, MN 55344
Company Description
Recovery Technology Solutions, LLC (“RTS”) is a development stage company created to commercialize a proprietary disruptive process technology for the recycling of asphalt shingles and the extraction and recovery of asphalt cement, fiberglass/felt, mineral aggregates and mineral fillers to be reused in the shingle manufacturing and asphalt pavement industry.
Website
http://www.recoverytechnologysolutions.com
Transaction Type
Venture Equity
Transaction Amount
$16,500,000
Transaction Round
Series A
Proceeds Purposes
Proceeds purposes were not disclosed. SEC regulatory filing. Not a solicitation.
M&A Terms
Venture Investor
Undisclosed