Checkerspot Closes $36 Million Series B Round

Aug 19, 2020•almost 5 years ago

Amount Raised

$36 Million

Round Type

series b

Salt Lake City

Description

Checkerspot, Inc., a materials innovation company, announced today that it has closed its Series B financing of $36 million. The primary use of proceeds will be directed towards commercial development and the expansion of the company’s product and innovation platform. The financing was led by Viking Global Investors, with participation from other existing investors including Builders VC and Breakout Ventures. Wilbur Ellis’s Cavallo Ventures, a new strategic investor in Checkerspot, also participated

Company Information

Company

Checkersp

Location

Salt Lake City, Utah, United States

About

Checkerspot designs performance materials at a molecular level. It does this by optimizing microbes to biomanufacture unique structural oils produced in nature, but not previously accessible at commercial scale. The company is currently commercializing three materials: a light-weight urethane-based composite (Algal Core) and a cast urethane (Algal Wall), both commercialized initially through the brand WNDR® Alpine, as well as algal oil formulated into MiDori® BioWick and sold in partnership with Beyond Surface Technologies to clothing brands worldwide. Checkerspot empowers product designers and innovators, including Beyond Surface Technologies, Gore and WNDR Alpine, with better materials to develop improved consumer and B2B applications for a post-petroleum future.

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