Tech Company Financing Transactions
CleanFiber Funding Round
AXA Investment Managers, Buffalo Angels and Western New York Impact Investment Fund participated in a $10 million funding round for CleanFiber. The funding round was announced on 12/1/2022.
Transaction Overview
Company Name
Announced On
12/1/2022
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Undisclosed
Proceeds Purpose
CleanFiber plans to use the $10 million -- from global investment management firm AXA IM Alts -- to fund its plan to increase its local production capacity by five times in the next year, CEO Jon Strimling said.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
640 Ellicott St 108
Buffalo, NY 14203
USA
Buffalo, NY 14203
USA
Phone
Website
Email Address
Overview
We're hungry, we're loyal, and (if you play nice) we're a lot of fun. CleanFiber® (formerly Ultracell Insulation) was conceived by veteran cellulose installers in Maine, who saw dwindling supplies of newsprint as a threat to their livelihood.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Mark Bernfeld
Chairman
Jon Strimling
Chief Executive Officer
Jon Strimling
Chief Financial Officer
Don Simoneau
Chief Operating Officer
Curt Fischer
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