May 5, 2020 — Toronto, ON
GreenSky Capital is proud to announce that Pyrowave Inc., a portfolio company of GreenSky Accelerator Fund I and the GreenSky President’s Club angel group, has closed a Series B round led by strategic partner Michelin and existing investor Sofinnova Partners. Pyrowave has developed a world leading technology allowing infinite recycling of plastics using a proprietary modular microwave-based technology. Said Jocelyn Doucet, Chief Executive Officer of Pyrowave, “this investment marks a turning point in providing a scalable, viable and sustainable solution in the circular economy of plastics. The support from Michelin sends the signal that the market is ready to implement these solutions.”
Pyrowave’s full press release can be read here.
Pyrowave is a pioneer of the Plastic-to-Plastic microwave-based chemical recycling technology that allows post-consumer and post-industrial plastics to be regenerated and restored to their full value. Its patented high-power microwave catalytic depolymerization technology platform is the most advanced worldwide and is now at the forefront of the new generation of plastics. By bringing plastics back to their molecular state identical to virgin materials, Pyrowave technology allows infinite recycling of plastics. Visit their website: www.pyrowave.com.
About GreenSky Capital Inc.
GreenSky Capital Inc. is an award-winning Toronto-based firm that makes investments in early-stage Canadian technology companies through its affiliated venture capital funds, GreenSky Accelerator Fund I, II and III. Our principals bring a combination of experience in technology, entrepreneurship, law and finance to high-growth potential companies and dedicated entrepreneurs. Learn more about GreenSky at greenskycapital.com.
About the GreenSky President’s Club
The GreenSky President’s Club is an exclusive not-for-profit angel investment group based in Toronto that provides members the opportunity to participate, both financially, and potentially as mentors, in high growth technology companies that are sourced, vetted and managed by GreenSky Capital Inc. For more information, please visit greenskycapital.com/investors/#angel