Monday, May 21, 2007

MBA Polymers Finds $20M

Richmond, California-based MBA Polymers has received $20M in a new funding round, the firm announced Monday. The round was led by Doughty Hanson Technology Ventures and Benchmark Capital. MBA Polymers develops processes to allow for recycling of plastics, used for recovering plastic from household appliances, computer and business equipment, and automobiles. The firm said the funding will go towards expanding the number of factories it operates in Europe and Asia. More information »