# Newlight Technologies

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

- Industry: Biotechnology
- Headquarters: US
- Website: www.newlight.com
- Total disclosed funding: $45M
- Latest round: Series F (Oct 7, 2020)
- Investors on record: 2

## About

Newlight Technologies, Inc. is a US-based innovator specializing in producing AirCarbon, a sustainable biomaterial derived from greenhouse gases, offering alternatives to traditional plastics while addressing environmental challenges.Founded in 2003 and headquartered in the United States, Newlight Technologies, Inc. develops biomaterials from carbon dioxide through microorganisms. The company has undergone strategic pivots to focus on sustainable material solutions. Mark Herrema leads the company, having previously founded other ventures. Newlight secured a total amount raised of USD 271.22 mn, highlighted by its most recent funding round, Series G, which raised USD 271.22 mn from investors including GenZero and Charter Next Generation, Inc. The company's current valuation is USD 1,011.30 mn.Newlight Technologies, Inc. specializes in developing AirCarbon, a biomaterial produced from greenhouse gases, particularly carbon dioxide. This innovative material serves as a sustainable alternative to conventional plastics, effectively targeting plastic pollution and climate change. AirCarbon is created via a proprietary process mimicking natural biological systems, utilizing air and CO2e, hence eliminating the need for oil or food crops. The products are marketed for their high strength, reusability, and dishwasher-safe qualities, appealing to environmentally conscious consumers in North America and Europe.Newlight Technologies generates revenue through direct sales of its AirCarbon products to various clients, including manufacturers and retailers. The company engages in B2B partnerships and wholesale arrangements to scale product distribution, serving sectors such as packaging and consumer goods. Specific pricing details for AirCarbon products are not disclosed, but the firm's strategy focuses on promoting its biomaterial as both cost-effective and environmentally friendly, fostering long-term partnerships with clients aligned with corporate social responsibility goals.Newlight Technologies, Inc. is actively designing new products aimed at enhancing its AirCarbon offerings, with specific release dates yet to be announced. The company plans to expand its market presence in Europe and Asia by 2025, targeting environmentally responsible businesses and consumers. Recently, Newlight raised an undisclosed amount of venture funding from the new investor TPG, which will support these growth initiatives and facilitate the development of innovative sustainable materials.

## Funding rounds

- Series F, Oct 7, 2020, $45M — Valedor Partners, GrayArch Partners

## Investors

- Valedor Partners (https://capitalatlas.ai/funds/valedor-partners) — Series F
- GrayArch Partners (https://capitalatlas.ai/funds/grayarch-partners) — Series F