Huntington Beach California based Newlight Technologies is raising $49,999,997.00 in Equity Investment.
Huntington Beach, CA – According to filings with the U.S. Securities and Exchange Commission, Newlight Technologies is raising $49,999,997.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Markus Herrema played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Newlight Technologies
Newlight is a biotechnology company producing advanced sustainable materials. Newlight was founded in 2003 with a question: why can’t we use greenhouse gas as a force for good? Over 10 years of research and development, Newlight developed a biotechnological process to harness microorganisms found in the ocean to convert greenhouse gas into a meltable energy material found in all living things: a naturally-occurring, biocompatible material that can be used to make fibers and solid parts, and help reduce the flow of carbon and synthetic plastic into the environment.
To learn more about Newlight Technologies, visit http://www.newlight.com/
Contact:
Markus Herrema, Chief Executive Officer
714-556-4500
https://www.linkedin.com/in/mark-herrema-07681257/
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