Biodegradable plastic bag maker raised $550,000 in equity


cycleWood Solutions, Inc. closed on its $550,000 equity financing round. The round was subscribed by Trailblazer capital a seed and early-stage investment boutique focusing on companies based in Texas, Oklahoma and Arkansas. Trailblazer invests between $500,000 and $5 million in each portfolio company.

The company is using a patented technology to create biodegradable and compostable thermoplastic. The financing round will enable the company to finalize the development of “XyloBag”, a cheap plastic bag alternative designed for everyday-use which breaks down into humus in 150 days. The technology can be applied to a variety of commercial plastics including cup and plates.

The company, headquartered in Fayetteville AR, originally founded in November 2010 was converted into a Delaware corporation in September 2011. The company is lead by Nhiem Cao (President and CEO) and Kevin Oden (COO).

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2 comments

  1. Pingback: Growing Significance of Biodegradable Plastics Green Living 4 Live | Green Living 4 Live - We believe everyone can do something to reduce their carbon footprint.
  2. Pingback: Second successful placement in six months for CycleWood Solutions | Random Research

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