PRISM™ Worldwide, LLC Closes $10.5 million in latest capital funding series, nearly doubling investments for their patented rubber recycling process
Kirkland, WA, Aug. 04, 2021 (GLOBE NEWSWIRE) -- PRISM Worldwide, LLC a recycled tire rubber and plastics innovation company, closed a $10.5 million capital funding round, bringing the total capital raised to $23.5 million.
- Kirkland, WA, Aug. 04, 2021 (GLOBE NEWSWIRE) -- PRISM Worldwide, LLC a recycled tire rubber and plastics innovation company, closed a $10.5 million capital funding round, bringing the total capital raised to $23.5 million.
- The new investment will provide PRISM the capital to expand their operations as well as their research and development efforts.
- Based in Kirkland, Washington, PRISM Worldwide has developed the first patented clean technology that converts 100% of end-of-life tires (ELT) into functional, sustainable, like-new rubber and plastic polymers.
- The resulting product is called PRISM Thermoplastic Rubber (PTR) and is used in the manufacture of a number of rubber and plastic products.