Tpg Rise Leads $170M Investment In Ubq Materials, Clean-Tech Company Converting Landfill Waste Into Recyclable Plastic Substitute
PRIVATEDec 15, 2021
Amount Raised
$170 Million
Round Type
Venture
Tel AvivProfessional ServicesSustainabilitySoftware
Description
UBQ Materials, developer of the leading climate-positive thermoplastic material on the market, today announced a $170 million funding round, led by TPG Rise, TPG's global impact investing platform.
Quick answer
UBQ Materials raised $170 Million in a funding round, dated December 15, 2021. UBQ Materials is based in Tel Aviv, Tel Aviv District, Israel.
How much did UBQ Materials raise?
UBQ Materials raised $170 Million in a funding round on December 15, 2021.
What does UBQ Materials do?
UBQ Materials Ltd. has developed an advanced conversion technology, patenting the world's first bio-based thermoplastic (UBQTM) made entirely of unsorted household waste, including all the organics; a revolutionary way..
Where is UBQ Materials based and how big is it?
UBQ Materials is based in Tel Aviv, Tel Aviv District, Israel. Fundz records about 40 employees.
Source: Fundz verified event record.
Who else raised in Professional Services and Sustainability around the same time
Companies in the same sectors as UBQ Materials that raised within 45 days of this round, from Fundz verified event records.
I Mocha raised $14M (Series A) on January 27, 2022.
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Company Information
Company
UBQ Materials
Location
Tel Aviv, Tel Aviv District, Israel
About
UBQ Materials Ltd. has developed an advanced conversion technology, patenting the world's first bio-based thermoplastic (UBQTM) made entirely of unsorted household waste, including all the organics; a revolutionary way to divert municipal solid waste from landfills and convert it into a sustainable substitute for oil-based plastics. A certified B Corp, UBQ is a globally awarded cleantech company with customers including Mercedes-Benz, global retail solutions provider Mainetti and Arcos Dorados, the world's largest franchisee of McDonald's restaurants across Latin America.
With a climate-positive impact and cost-competitive price, UBQTM empowers manufacturers with a simple transition to greater sustainability. Learn more by visiting UBQMaterials.com.
Access UBQ Materials logos and imagery via the Press Kit.
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