Heartland, a Detroit, MI-based materail sciences company, received an investment from Chemovator.
The amount of the deal was not disclosed.
The company intends to use the funds to expand operations and development efforts.
Led by CEO Jesse Henry, Heartland is a material science company that manufactures natural fibers to reinforce plastic. Supported by a team of scientists, engineers, and technologists, the company has developed hemp-based materials that can be used as additives within plastic compounds that reduce their scope 3 emissions with natural fiber additives for materials and packaging. Its Imperium masterbatch reduces the cost, weight, and carbon footprint of everyday products.
This advancement in the world of sustainable material innovation improves properties about flammability, bonding, dispersion, and bulk density, which are historically associated with processing natural fibers.
FinSMEs
08/05/2024