IHS Chemical Week

People & Business :: Earnings/Finance

Lehigh Technologies closes $8-million funding round

10:47 AM MDT | September 3, 2014 | Vincent Valk

Lehigh Technologies (Atlanta), a maker of micronized rubber powder (MRP) from tire scrap, announced today that it has $8 million in a recent funding round to support the company’s expansion. Participants in the round included venture capital firms Kleiner Perkins, Leaf Clean Energy, and Index Ventures, all existing investors, as well as Japanese specialty chemicals company JSR, a new investor. Lehigh’s MRP products are often reused into the tire market, and the company does business with 6 of the top 10 global tire makers. The company also sells into...

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