Shark Solutions Raises DKK30.0M in Equity Funding

Shark Solutions A/S, a Danish cleantech market leader in recycling post-consumer laminated PVB (PolyVinyl Bytural) and glass from windshields and laminated architectural/building glass, has raised DKK30.0m in equity funding.

Backers include the German recycling company Reclay Holding, which provided three-quarters of the capital, and Vækstfonden, which committed the remaining portion.

The company intends to use the funds to grow both in Denmark and abroad, including setting up a production facility in the US (2012) and one in Europe. It currently operates factories in Denmark and Belgium.

Founded in 2005 Shark Solutions and led by CEO Jens Holmegaard, Shark Solutions operates PVB recycling factories where we manufacture PVB for many industrial applications, which is then sold worldwide. The company also offer efficient mobile glass separation systems for recycling windshields and other laminated glass. This technology also applies for areas of recycling gypsum boards and solar panels. Shark Solutions currently has 20 employees.

In conjunction with the funding, Michael Lauper, CEO of Reclay Holding, will join the company’s Board.



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