Puralube
Latest round
- Series A
Last raised
- Jan 2003
Total raised
- $25M
Investors
- 2
About Puralube
Puralube, founded in 2004 in the US, focuses on the recycling of used oils. In December 2014, the company underwent a restructuring transaction when Centre Lane Partners acquired it from Perseus for an undisclosed sum.Puralube primarily focuses on the collection and recycling of used oils, lubricants, and other precursors through its innovative refining solutions. The company utilizes its patented Honeywell UOP HyLube™ and HyLubeSAT™ technologies to re-engineer used oil into advanced, sustainable Group III/III+ base oils, which serve various applications, including motor oils, plastics, and electric vehicle fluids.Puralube generates revenue through its comprehensive suite of services, including the processing and re-engineering of used oils and the production of sustainable base oils and lubricants. The company adopts a B2B transaction model, forming partnerships with automotive manufacturers and lubricant distributors who directly purchase their products. These partnerships typically include bulk purchasing agreements, ensuring a steady supply of high-quality base oils.Puralube aims to expand its product offerings by developing new sustainable oil products, with specific launches planned within the next year. The company is also targeting geographic expansion into emerging markets in Asia and Europe by 2025.00 mn will be utilized to support these initiatives, enhancing production capabilities and scaling operations to meet increasing demand.
Who invested in Puralube
2 investors across 1 round
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Funding rounds
Series A
Jan 9, 2003
Amount
$25M
Investors
Questions about Puralube
Who invested in Puralube?
Puralube has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Puralube raised?
Puralube has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Puralube last raise money?
Puralube's most recent round on record is a Series A, in Jan 2003.
What does Puralube do?
Puralube, founded in 2004 in the US, focuses on the recycling of used oils.
Where is Puralube headquartered?
Puralube is headquartered in US.
Which VCs invest in companies like Puralube?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back oil & gas companies at Puralube's stage. Their profiles are linked below.
VCs backing oil & gas startups at Series A
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