Ecore, a Lancaster, PA-based company which transforms reclaimed rubber materials into high-performance products that drive sustainability and reduce environmental impact, received a strategic investment from General Atlantic’s BeyondNetZero Fund.
The amount of the deal was not disclosed.
The company intends to use the funds to support continued organic and inorganic growth initiatives, strengthen core operational and technology infrastructure, and accelerate the execution of its circularity and net-zero strategies.
Led by CEO Art Dodge, Ecore transforms used tires into rubber surfacing and flooring applications. Through its TRUcircularity program, the company then reclaims its own products and re-purposes them back into surfacing applications, creating a continuous cycle of rubber usage, thereby preventing rubber waste from entering landfills.
The company reclaims more than 430 million pounds of waste rubber, avoids 9.5 million pounds of CO2emissions annually and operates UL-certified zero waste plants. It boasts more than 1,500 different products in its portfolio, including high-performance flooring with Floorscore certifications and EPDs, IPEMA-certified pour-in-place playgrounds, and athletic tracks and fields.
Recent acquisitions, including Ameritread and 360 Tire Recycling Group, have strengthened Ecore’s access to recycled materials and advanced technology, allowing the company to expand its global reach to more than 75 countries.
FinSMEs
19/11/2024