Thursday, March 3, 2011

MBA Polymers Finds $14.6M More

Richmond, California-based MBA Polymers, a manufacturer of recycled plastics, has raised $14.6M in funding, according to one of its investors, Keating Capital. Keating said that the funding was an extension of a Series G convertible preferred stock financing, worth $14.6M. The additional funding comes on top of $25M in a Series G raised in October of 2010. According to Keating, the bulk of the new investment, $13.7M, came from a single un-named European fund. MBA Polymer's recycled plastics are used to replace virgin plastics at OEMs. More information »