Led by 360 Capital Partners, the funding round will support the development of MODUS, one of the world’s first industrial-scale plants based on microwave-assisted depolymerisation technology.
GR3N, the Swiss
cleantech company advancing the recycling of PET and polyester plastics and
fibres, has closed a €15.5 million Series B funding round. The round was led by
360 Capital, with participation from new investor VP Textile. Growth Capital
acted as financial advisor to GR3N.
Swiss startup GR3N raises €15.5M to build the world's first microwave PET recycling plant and tackle the 85% of plastic that never gets recycled — TFN
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