Newlight Technologies Closes $45M Series F Expansion Financing

Newlight Technologies

Newlight Technologies, Inc., a Huntington Beach, California-based producer of an ocean-degradable biopolymer called PHB using air and greenhouse gas, closed a $45M Series F financing round.

Valedor Partners joined existing investor GrayArch Partners in completing the round.

Founded in 2003 and led by CEO Mark Herrema, Newlight is a biotechnology company dedicated to producing materials such as AirCarbon, a regenerative, ocean-degradable material that is being used to replace synthetic plastic and fibers to help solve plastics pollution and climate change. 

The Series F finance round coincides with the commissioning of a new commercial-scale production facility in California called Eagle 3 and the launch of branded products including a line of cutlery and drinking straws for the food-service industry.  Its foodware products deliver a unique level of material safety and certified sustainability, resulting in high-performance, ocean-degradable foodware that works for people and the planet. 



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