Lehigh raises $16m in venture capital

ERJ staff report (DS)

Atlanta, Georgia -- Lehigh Technologies Inc. has completed $16 million in financing through a consortium of global venture capital firms, led by Leaf Clean Energy. The consortium includes and including Kleiner Perkins Caufield Byers, Index Ventures, and NGP Energy Technology Partners.

The funding will go toward expanding the company's geographic reach and research and development initiatives - bolstering its ability to meet growing commercial demand for its micronised rubber powder (MRP) technology.

Lehigh said its customer base includes the largest tyre companies in the world - over 140 million tyres have been manufactured using Lehigh's MRP.

This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.

Press release from LeHigh