Lehigh Technologies Raises $8M in Funding

Lehigh Technologies, a Tucker, GA-based sustainable materials company, raised $8m in funding.

Backers included JSR Corp, Leaf Clean Energy, Kleiner Perkins Caufield and Byers, Index Ventures and Florida Gulfshore Capital.

The company intends to use the funds for geographic expansion and technology innovation.

Led by Dr. Alan Barton, CEO, Lehigh Technologies has commercialized micronized rubber powder (MRP) technology that transforms end-of-life rubber material into a sustainable specialty chemical that replaces oil-based materials to reduce costs and waste in a wide range of end-use markets. including high-performance tires, industrial rubber, consumer and industrial plastics goods, asphalt and coatings and construction materials.
To date, its MRP has been used in the manufacture of over 250m tires, and the company serves six of the world’s top ten tire manufacturers.

FinSMEs

03/09/2014

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