Bioformix, a Cincinnati, OH-based developer of energy efficient sustainable monomer and polymer platforms, has closed a $13.6m Series A-1 funding.
The company intends to use the capital to expand its operations, including R&D, production and commercial sales.
Founded by President and CEO Adam Malofsky, CTO and Chief Scientist Bernard Malofsky, and Steve Levin of Acara Global, Bioformix uses a proprietary new monomer chemistry to develop a vast array of plastics, polymers, and resins that polymerize with little or no energy at high speeds. Applications include inks, composite binders, fibers, adhesives, and packaging materials.
The company operates a research facility in Newington, CT.