US-based Lehigh Technologies, a sustainable materials company, has received $8m in strateigic funding.
The capital came from chemicals company JSR Corporation, venture capital firms Kleiner Perkins Caufield and Byers, Florida Gulfshore Capital, Index Ventures and investment firm Leaf Clean Energy.
Lehigh Technologies recycles rubber into new materials. The new funds will support the company’s international expansion and technology development.
lan Barton, chief executive of Lehigh Technologies, said: “This latest round of financing will give the company additional resources to drive growth in Europe and Asia, eventually culminating in local manufacturing. JSR, a highly regarded leader in polymer technology, will play a key role in this process.”
Lehigh Technologies raised $16m in funding in June 2012 from Leaf Clean Energy, Kleiner Perkins Caufield Byers, Index Ventures and NGP Energy Technology Partners.
The company raised $5m in July 2012 from Leaf Clean Energy Company.