Tech Company Financing Transactions
Molg Funding Round
Molg closed a $5.5 million Seed funding round on 10/9/2024. Investors included Closed Loop Partners, ABB Technology Ventures and Amazon Climate Pledge Fund.
Transaction Overview
Company Name
Announced On
10/9/2024
Transaction Type
Venture Equity
Amount
$5,500,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to scale production capacity and meet customer demand for circularity and automation.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
4447 Brookfield Corporate Drive A
Chantilly, VA 20151
USA
Chantilly, VA 20151
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
We are designers, engineers, programmers, robots, and manufacturers coming together to change the way we make things. Molg was founded with a mission to solve the growing e-waste problem through circular manufacturing. After years of working in the consumer electronics sector, we saw firsthand how poor design and wasteful processes contributed to this challenge. Using advanced robotics and design, our microfactories autonomously disassemble electronics, recovering valuable components for reuse, remanufacturing, or recycling. Our goal is to create a circular economy for manufacturing, ensuring one product's end is another's new beginning.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Rob Lawson-Shanks
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