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Newlight Completes Us$125M In New Equity Round Led By Genzero

Aug 03, 2023almost 2 years ago

Amount Raised

$125 Million

Huntington BeachManufacturing

Investors

Charter Next GenerationOxy Low Carbon VenturesTemasekGen Zero

Description

Newlight Technologies, Inc., a leader in decarbonization technology using natural microorganisms to convert greenhouse gas into high-performance AirCarbon®-based materials, today announced the completion of an equity investment round led by GenZero totaling US$125 million.

Company Information

Company

Newlight

Location

14382 Astronautics Lane

Huntington Beach, California, United States

About

Newlight is a biotechnology company producing advanced sustainable materials. Newlight was founded in 2003 with a question: why can’t we use greenhouse gas as a force for good? Over 10 years of research and development, Newlight developed a biotechnological process to harness microorganisms found in the ocean to convert greenhouse gas into a meltable energy material found in all living things: a naturally-occurring, biocompatible material that can be used to make fibers and solid parts, and help reduce the flow of carbon and synthetic plastic into the environment. Following commercialization in 2013, Aircarbon was named “Biomaterial of the Year” by the Nova Institute in 2013, “one of the 100 most technologically significant innovations of the year” by R&D Magazine in 2013, and “Innovation of the Year” by Popular Science in 2014, and received the prestigious EPA Presidential Green Chemistry Challenge award in 2016. Today, Newlight is focused on growth through both internal and licensed production to help fulfill the company's mission: to protect and improve life by accelerating the world’s transition to sustainable, regenerative materials.

FundzWatch™ Score

85
Medium Activity

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VC-backed spending patterns
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