Green Dot Bioplastics, an Emporia, Kan.-based material science company, closed a $6.5m Series A funding round.
The round was led by Fulcrum Global Capital with participation from Open Prairie through its Open Prairie Rural Opportunities Fund and iiM (Innovations in Motion).
The company intends to use the funds to accelerate organic growth, develop and commercialize new bioplastic products and uses, and invest in new IP and capabilities.
Led by Mark Remmert, CEO, Green Dot Bioplastics is a company using agricultural byproducts to provide corporations with near-term solutions for biodegradable products and packaging that can reduce our use of petroleum based plastics and begin to eliminate plastic pollution..
Launed in 2011, the company now offers a full line of bioplastics and biocomposites used in footwear, textiles, home furnishings, electronics cases, pet supplies, toys, outdoor recreation, lawn and garden, horticulture and construction.