Prism Worldwide, a Kirkland, WA-based company which specializes in material solutions, raised $40M in Series A and A1 funding.
The round was co-led by return investors Columbia Pacific Advisors, and Jim Sinegal, co-founder and former CEO of Costco, with participation from Robert “Spike” Anderson, former CEO of Anderson Daymon Worldwide.
The company intends to use the funds to expand operations and its development efforts.
Led by Bob Abramowitz, CEO, Prism Worldwide provides a solution for end users to increase profitability by using sustainable materials. The company brings new patented technology to the market by producing polymer intermediates derived from ground tire rubber. These performance solutions for TPE, TPV, TPO markets (Ancora) and rubber modified plastics polymer markets (Ennova) are sustainable and circular, creating higher value uses for end-of-life tires and offering a route to Making Tires More Circular.
FinSMEs
20/11/2024