MicroGreen Snags $2.7M

11/30/10

MicroGreen Polymers, the Arlington, WA-based developer of technology to recycle plastics into cheaper, environmentally friendly coffee cups among other things, has raised another $2.7 million out of a deal that could be worth as much as $3.75 million, according to a new filing with the Securities & Exchange Commission. This materials science company, which spun out of the University of Washington in 2002, has been on a roll lately, having previously raised $6.9 million in May from WRF Capital, Northwest Energy Angels, private investors, and garbage giant Waste Management (NYSE: WM). We first profiled MicroGreen’s approach to make more environmentally friendly plastics back in July 2009.

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