MBA Polymers recovers and processes plastics from end-of-life durable goods such as computers, electronics, appliances and automobiles and sells the recycled material as “drop-in” green replacements for virgin plastic. The company operates production facilities in China, Austria and the United Kingdom and maintains a demonstration facility in California. Founded in 1993 and based in Richmond, California, MBA Polymers supplies OEMs and other customers seeking cheaper and/or greener alternatives to virgin plastics. The company has pursued growth by adding processing facilities; the most recent financing activity is intended to accelerate that strategy. Financially, MBA Polymers extended its Series G Convertible Preferred Stock financing, raising approximately $14.6 million in the extension. The extension included a single European fund investing roughly $13.7 million and additional participation from Keating Capital.

Total raised

$1M

Funding rounds

1

Latest round

Series G

Latest activity

Feb 2011