
Katie Antal @katieantal
Vartega secures $10 million to promote recycled carbon fiber
Vartega secures $10 million to promote recycled carbon fiber
Vartega (Denver, Colo., U.S.), an innovator in carbon fiber recycling, has announced the close of its oversubscribed $10 million preferred equity financing led by Diamond Edge Ventures (Menlo Park, Calif., U.S.). The investment will propel Vartega’s mission to solve the world’s toughest advanced materials recycling challenges.
Diamond Edge Ventures, the corporate venture capital arm of the Mitsubishi Chemical Group (MCG, Tokyo, Japan), has demonstrated confidence in Vartega’s vision to create circular supply chains for advanced materials. This funding round also included participation from Circular Innovation Fund and existing investors HG Ventures and Techstars.
Read more: compositesworld.com/...
Vartega secures $10 million to promote recycled carbon fiber
Additional equity financing will drive EasyFeed Bundle applications, aid in commercializing additional recycling processes for advanced materials.
www.compositesworld.com