Polystyvert, a Montreal-based company in the clean technology sector, has successfully raised $16,000,000 in funding. The company is revolutionizing plastic recycling by implementing a circular economy. Using its unique dissolution recycling process, Polystyvert can recycle plastics that are traditionally considered non-recyclable due to high contamination levels. This results in a recycled raw material of unmatched purity that can replace virgin plastics while reducing greenhouse gas emissions by up to 90%. With patents in over twenty countries, this Canadian innovation provides a sustainable alternative to virgin plastics for industries like electronics, toys, packaging, and automotive. The funding will further support Polystyvert in expanding its groundbreaking technology and making a significant impact in the fight against plastic pollution.
Polystyvert Secures $16M in Series B Funding to Revolutionize the Plastic Recycling Industry with its Groundbreaking Technology
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Other recent Series b rounds
Companies that recently closed a Series b round.
| # | Company | Round | Amount | Date |
|---|---|---|---|---|
| 1 | Armada United States | Series b | $230.0M | today |
| 2 | bunch Germany | Series b | $35.0M | today |
| 3 |  Lexroom Italy | Series b | $50.0M | today |
| 4 |  Cosmico Italy | Series b | $13.9M | today |
| 5 |  Bona Investment & Management Co. Turkey | Series b | $25.3M | 1d ago |