VC-backed Solegear Bioplastics secures venture debt from Comerica
Solegear Bioplastics Inc, a developer of plant-based plastics for packaging and durable product applications, has secured a venture debt facility with Comerica Bank, a U.S. technology lender. Financial terms of the deal were not released. The company said it will use the funding proceeds to support planned sales growth and deliveries of its products. Based in Vancouver, Solegear is backed by Canadian venture capital firm Yaletown Venture Partners, Best Buy Capital, the investment arm of U.S. retailer Best Buy Co Inc, and a number of angel investors.
30 October 2014•3 mins read
