Lehigh Technologies secures $16 million in investments

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Friday, August 24, 2012
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! M  ]& E0 O$ m" g/ U" h% qAtlanta, GA - Lehigh Technologies has completed $16 million in financing, securing investments from top global venture capital firms, led by Leaf Clean Energy and including Kleiner Perkaufield Byers, Index Ventures and NGP Energy Technology Partners. The funding will go toward expanding the company’s geographic reach and research and development initiatives, bolstering its ability to meet growing commercial demand for its micronized rubber powder (MRP) technology. “Support from our financing partners enables our continued growth as we make major advancements in micronized rubber powder technology,” said Lehigh Technologies CEO Dr. Alan Barton. “We are working with customers to support their use of MRP at increasingly higher levels as well as developing new end uses for this sustainable material. Our new funding will support our technology roadmap as well as facilitate expansion into new geographies.”