MBA Polymers, a company that recovers engineering plastics from products like computers, appliances and cars, has raised $6.6 million of an expected $25 million, according to a filing with the SEC. Honeywell Capital Management and Citi’s Sustainable Development Investments participated along with Less Plastics Limited of Hong Kong and Doughty Hanson Technology and Balderton Capital of London.
Founded in 1994, MBA Polymers operates a recycling facility in Richmond, Calif., and processes several million pounds of plastics each month. The company last raised $40 million in 2008.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more