Fundz

Newlight Completes Us$125M In New Equity Round Led By Genzero

PRIVATEAug 03, 2023

Amount Raised

$125 Million

Round Type

Venture

Huntington BeachManufacturing

Investors

Charter Next GenerationOxy Low Carbon VenturesTemasekGen Zero

Description

Newlight Technologies, Inc., a leader in decarbonization technology using natural microorganisms to convert greenhouse gas into high-performance AirCarbon®-based materials, today announced the completion of an equity investment round led by GenZero totaling US$125 million.

Quick answer

Newlight raised $125 Million in a funding round, dated August 3, 2023. Investors: Charter Next Generation, Oxy Low Carbon Ventures, Temasek and Gen Zero. Newlight is based in Huntington Beach, California, United States.

How much did Newlight raise?
Newlight raised $125 Million in a funding round on August 3, 2023.
Who invested in Newlight?
Charter Next Generation, Oxy Low Carbon Ventures, Temasek and Gen Zero are named as investors in this round.
What does Newlight do?
Newlight is a biotechnology company producing advanced sustainable materials.
Where is Newlight based and how big is it?
Newlight is based in Huntington Beach, California, United States. Fundz records about 100 employees.
Who are the decision-makers at Newlight?
Fundz holds 2 contacts at Newlight, including the Senior Vice President. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Manufacturing around the same time

Companies in the same sectors as Newlight that raised within 45 days of this round, from Fundz verified event records.

  • Nucleus RadioPharma raised $66M on September 15, 2023.
  • Stoke Space raised $146M on September 15, 2023.
  • AeroVironment raised $109M on September 15, 2023.
  • Alpha Teknova raised $21M on September 15, 2023.
  • Spectra7 Microsystems raised $1.7M (Seed) on September 14, 2023.
  • Mitra Chem raised an undisclosed amount on September 13, 2023.

Who to call at Newlight, and when

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Company Information

Company

Newlight

Location

14382 Astronautics Lane

Huntington Beach, California, United States

About

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. Following commercialization in 2013, Aircarbon was named “Biomaterial of the Year” by the Nova Institute in 2013, “one of the 100 most technologically significant innovations of the year” by R&D Magazine in 2013, and “Innovation of the Year” by Popular Science in 2014, and received the prestigious EPA Presidential Green Chemistry Challenge award in 2016. Today, Newlight is focused on growth through both internal and licensed production to help fulfill the company's mission: to protect and improve life by accelerating the world’s transition to sustainable, regenerative materials.

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Related People

2 contacts
Verified contactsAdam, Senior Vice President hidden hiddenSee plans and pricing
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Newlight raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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