MicroGreen Polymers Secures $6,900,000 Series B Financing

  • Feed Type
  • Date
    5/19/2010
  • Company Name
    MicroGreen Polymers
  • Mailing Address
    7220 201st Street NE Arlington, WA 98223-7477
  • 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. 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
    $6,900,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    MicroGreen says the money will be used to hire more engineering, sales, and marketing staff, and to expand the company’s commercial production capabilities for consumer products.
  • M&A Terms
  • Venture Investor
    Waste Management Inc.
  • Venture Investor
    WRF Capital
  • Venture Investor
    Undisclosed