Nexpoint Capital Inc. Announces $2M Investment In Early Growth Funding Round For Bioplastic Manufacturing Company Plantswitch
Nov 28, 2023•about 2 years ago
Amount Raised
$2 Million
Round Type
seed
Investors
Nex Point
Description
NexPoint, a multi-billion-dollar alternative investment firm, today announced its investment of $2M in the early growth funding round of PlantSwitch (the "Company"), a bioplastics manufacturing company with a carbon negative production process that upcycles agricultural waste to produce biodegradable and compostable resins for single-use products. The investment is part of a total $7.7M raise in this early fundraise round, to which other institutional investors, along with NexPoint, subscribed.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers