Prism Worldwide raised $40M in a Series A funding round co-led by Columbia Pacific Advisors and Jim Sinegal to accelerate the commercialization of sustainable thermoplastic elastomers derived from recycled tires.

Prism Worldwide has raised $40 million in Series A and Series A1 funds to consolidate operations and expand its team. This funding marks a significant step towards making their innovative materials commercially viable, derived from recycled end-of-life tires. The round was co-led by Columbia Pacific Advisors and former Costco CEO Jim Sinegal.