Nexpoint Capital Inc. Announces $2M Investment In Early Growth Funding Round For Bioplastic Manufacturing Company Plantswitch
Nexpoint Capital Inc. Announces $2M Investment In Early Growth Funding Round For Bioplastic Manufacturing Company Plantswitch
11/28/23, 2:02 PM
Location
sanfordMoney raised
$2 million
Industry
environmental consulting
Round Type
seed
Investors
Nex Point
NexPoint, a multi-billion-dollar alternative investment firm, today announced its investment of $2M in the early growth funding round of PlantSwitch (the "Company"), a bioplastics manufacturing company with a carbon negative production process that upcycles agricultural waste to produce biodegradable and compostable resins for single-use products. The investment is part of a total $7.7M raise in this early fundraise round, to which other institutional investors, along with NexPoint, subscribed.
Company Info
Location
sanford, north carolina, united states
Additional Info
PlantSwitch’s mission is to replace all petroleum-based plastic with plants. Our proprietary technology upcycles agricultural residues into a plant-based resin that can be used to make nearly all types of plastic products. A low-cost, zero-waste, drop-in replacement to plastic is finally here.