GreenMantra Technologies raises first $5.5 mln of latest round
GreenMantra Technologies, a producer of specialty chemicals from recycled plastic feedstocks, recently raised $5.5 million in follow-on financing. The investment, the first tranche of a larger round of funding, was backed by the company's existing investors: Canadian venture capital firms ArcTern Ventures and Cycle Capital. Kousay Said, GreenMantra's president and CEO, said the proceeds of the round will fund a next stage of growth for the company, primarily to bring several new products to market and provide working capital. The Brantford, Ontario-based company raised $17 million in a series of financings in 2014.
21 June 2016•3 mins read
