# Vartega

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vartega

- Industry: Environmental Services
- Headquarters: Denver, US
- Website: www.vartega.com
- Total disclosed funding: $16M
- Latest round: Series A (Dec 21, 2023)
- Investors on record: 15

## About

Vartega Inc., based in the US, specializes in producing recycled carbon fiber (rCF) that provides eco-friendly solutions for various industries, focusing on thermoplastic compounding and thermoset applications.Vartega Inc. is a company engaged in the production of recycled carbon fiber, founded in 2014 in Denver, US. The firm has raised a total of USD 11.228 mn through multiple funding rounds, with the latest being a Series A round on December 21, 2023, led by Diamond Edge Ventures and supported by Cycle Capital Management, HG Ventures, and Techstars. The company's CEO and founder is Andrew Maxey.Vartega specializes in the production of recycled carbon fiber (rCF), offering a sustainable alternative to virgin carbon fiber for thermoplastic compounding and thermoset applications. Sourced from post-industrial dry fiber and prepreg scrap, the rCF retains mechanical properties comparable to traditional carbon fiber. Vartega's flagship EasyFeed Bundle™ technology enhances rCF processing, ensuring compatibility with a variety of polymers and processing methods. Their products serve multiple industries including automotive, aerospace, consumer electronics, and sporting goods, primarily in North America and Europe, catering to manufacturers aiming for lightweighting and improved performance at a reduced environmental impact.Vartega operates a B2B revenue model, supplying rCF products directly to manufacturers across diverse sectors. Clients typically engage in bulk purchasing agreements, integrating Vartega's rCF into their production lines. The company offers customized solutions, including various sizing chemistries to meet specific client needs, generating revenue through direct sales of products like the EasyFeed Bundle™ and tailored rCF solutions, supported by detailed contracts that clarify supply and pricing terms.In December 2023, Vartega Inc. raised USD 11.23 mn in Series A funding to enhance its newly constructed 82,000-square-foot production facility and to commercialize additional recycling techniques aimed at increasing feedstock supply. The funding will support these initiatives, contributing to the company's strategic expansion into new markets and regions.

## Funding rounds

- Series A, Dec 21, 2023, $11M — Cycle Capital Management, Techstars, HG Ventures, Diamond Edge Ventures
- Seed, Aug 16, 2022, $5M — Rockies Venture Fund, Keiretsu Capital, Arizona Tech Investors, Texas Halo Fund, HG Ventures, Rockies Venture Club, SWAN Impact, Autodesk Foundation, Denver Venture, Belle Impact Fund, New Climate Ventures, Lubbock Angel Network

## Investors

- Rockies Venture Fund (https://capitalatlas.ai/funds/rockies-venture-fund) — Seed
- Keiretsu Capital (https://capitalatlas.ai/funds/keiretsu-capital) — Seed
- Arizona Tech Investors (https://capitalatlas.ai/funds/arizona-tech-investors) — Seed
- Texas Halo Fund (https://capitalatlas.ai/funds/texas-halo-fund) — Seed
- HG Ventures (https://capitalatlas.ai/funds/hg-ventures) — Seed, Series A
- Rockies Venture Club — Seed
- SWAN Impact — Seed
- Autodesk Foundation — Seed
- Denver Venture (https://capitalatlas.ai/funds/denver-venture) — Seed
- Belle Impact Fund (https://capitalatlas.ai/funds/belle-impact-fund) — Seed
- New Climate Ventures (https://capitalatlas.ai/funds/new-climate-ventures) — Seed
- Lubbock Angel Network (https://capitalatlas.ai/funds/lubbock-angel-network) — Seed
- Cycle Capital Management (https://capitalatlas.ai/funds/cycle-capital-management) — Series A
- Techstars (https://capitalatlas.ai/funds/techstars) — Series A
- Diamond Edge Ventures (https://capitalatlas.ai/funds/diamond-edge-ventures) — Series A