# Lehigh Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lehigh-technologies

- Industry: Materials
- Headquarters: Tucker, US
- Website: www.lehightechnologies.com
- Total disclosed funding: $24M
- Latest round: Series F (Aug 8, 2012)
- Investors on record: 4

## About

Lehigh Technologies, Inc. is a manufacturer specializing in micronized rubber powders (MRPs), offering innovative materials that replace traditional oil- and rubber-based feedstocks for various industrial applications.Founded in 2003, Lehigh Technologies, Inc. operates out of Tucker, US, producing advanced materials for diverse industries. In October 2017, Michelin North America, Inc. acquired the company for an undisclosed amount. The firm has undertaken seven deals, with its most recent funding round raising USD 7.10 mn, led by JSR Corporation, and involving notable investors such as Florida Gulfshore Capital and Kleiner Perkins. Jason Stravinski and Paul Crehan currently serve as the CEO.Lehigh Technologies specializes in the production of micronized rubber powders (MRPs), which serve as versatile raw materials designed to replace traditional oil- and rubber-based feedstocks across various applications. Their core offerings involve high-quality MRPs engineered to deliver enhanced performance and sustainability in sectors such as tires, plastics, asphalt, and construction materials. The company collaborates with leading manufacturers, including major tire companies and firms in the construction and automotive industries, to formulate tailored MRP solutions that meet specific performance requirements. Lehigh’s products are sold in diverse geographical markets, including North America, Europe, and Asia, addressing the needs of customers focused on innovation and environmental sustainability. By targeting end-of-life tire materials, Lehigh aims to provide solutions that minimize waste and promote the circular economy.Lehigh Technologies operates on a B2B transaction model, primarily engaging with large manufacturers and industrial clients across its core markets. The company's revenue is generated through direct sales agreements, where clients purchase MRPs for integration into their product lines, including tires and construction materials. Transactions may include long-term supply contracts facilitating ongoing partnerships, thereby ensuring a steady flow of materials to clients. The structure of these agreements typically includes bulk pricing based on volume commitments, with specific terms negotiated to reflect the tailored nature of the products. Notable offerings, such as MicroDyne and PolyDyne, play a crucial role in the company's revenue generation strategy, as they provide unique properties that enhance the performance of end products while promoting sustainability initiatives among their client base.Lehigh Technologies plans to leverage its recent funding of USD 7.10 mn from its latest deal in October 2017 to enhance its product development efforts and expand its market reach. The company is focusing on launching new MRP products tailored to different industrial applications in the coming years. Additionally, it aims to penetrate new markets, particularly in Asia and Europe, to meet the growing demand for sustainable materials. These initiatives are part of Lehigh’s strategy to strengthen its position in the global market and promote the circular economy.

## Funding rounds

- Series F, Aug 8, 2012, $7.8M — Index Ventures, Kleiner Perkins, Leaf Clean Energy Company, NGP Energy Technology Partners
- Series D, Jan 30, 2007, $16M — NGP Energy Technology Partners

## Investors

- NGP Energy Technology Partners (https://capitalatlas.ai/funds/ngp-energy-technology-partners) — Series D, Series F
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series F
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series F
- Leaf Clean Energy Company (https://capitalatlas.ai/funds/leaf-clean-energy-company) — Series F