Yulex obtains $8 million in funding for guayule development

From Rubber & Plastics News

Carlsbad, California-Yulex Corp. has closed an $8-million (Euro 6.65-million) Series C funding deal with Argonaut Private Equity, bringing the firm’s total raised capital to $12.5 million, according to the company.

Yulex, founded in 1997, holds a license from the US Department of Agriculture to commercialise the latex produced from guayule, a southwestern desert shrub, according to USDA-patented processes. Various clinical tests have shown guayule latex produced under USDA guidelines to be hypoallergenic to health care workers and others sensitive to traditional natural…

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