Fundraising FoxPurecycle
Jacksonville, US · Founded 2020 · 2 known investors
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PureCycle recycles polypropylene (No. 5) plastic waste into ultra-pure recycled resin using a patented purification process that removes color, odor, and contaminants. It supplies this recycled resin to manufacturers seeking sustainable, reusable plastic feedstock.
Founders & leadership
Purecycle was founded in 2020 by Michael Otworth.
Board
Investors · 2
How we know: BMW i Ventures's portfolio page · Not right? Tell us
How we know: Innventure's portfolio page · the VCSheet dataset · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$340M disclosed across 2 of 3 rounds · 2022–2024
▶$90MraisedSep 2024 · 7 investors · OtherRule 506(b)
- Steven BouckDirector
- Daniel CoombsDirector
- Allen JacobyDirector
- Fernando MusaDirector
- Jeffrey FielerDirector
- Jaime VasquezExecutive Officer
- Brad KalterExecutive Officer
- Tanya BurnellDirector
- Dustin OlsonExecutive Officer, Director
- Melissa TrednickExecutive Officer
- Offering amount
- $90M
- Amount sold
- $90M
- First sale
- Sep 2024
- Incorporated
- Corporation, Delaware, 2020
- Federal exemptions
- 06b
▶Undisclosed amountofferedMay 2024 · 1 investors · OtherRule 506(b)
- Steven BouckDirector
- Jaime VasquezExecutive Officer
- Tanya BurnellDirector
- Daniel CoombsDirector
- Fernando MusaDirector
- Jeffrey FielerDirector
- Allen JacobyExecutive Officer
- Melissa TrednickExecutive Officer
- Brad KalterExecutive Officer
- Dustin OlsonExecutive Officer, Director
- First sale
- May 2024
- Incorporated
- Corporation, Delaware, 2020
- Federal exemptions
- 06b
▶$250MraisedMar 2022 · 25 investors · OtherRule 506(b)
- Fernando MusaDirector
- Stephen F. BouckDirector
- Brad KalterExecutive Officer
- Dustin OlsonExecutive Officer
- John ScottDirector
- David BrennerExecutive Officer
- Jeffrey FielerDirector
- Michael OtworthExecutive Officer, Director
- Timothy GlocknerDirector
- Tanya BurnellDirector
- Lawrence SommaExecutive Officer
- Allen W. JacobyDirector
- Offering amount
- $250M
- Amount sold
- $250M
- First sale
- Mar 2022
- Incorporated
- Corporation, Delaware, 2020
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Frequently asked questions
- What does Purecycle do?
- PureCycle recycles polypropylene (No. 5) plastic waste into ultra-pure recycled resin using a patented purification process that removes color, odor, and contaminants. It supplies this recycled resin to manufacturers seeking sustainable, reusable plastic feedstock.
- Who founded Purecycle?
- Purecycle was founded by Michael Otworth in 2020.
- Who are Purecycle's investors?
- Purecycle's investors include BMW i Ventures, Innventure.
- How much funding has Purecycle raised?
- Purecycle has disclosed $340M raised across 2 of its 3 known rounds.
- Where is Purecycle headquartered?
- Purecycle is headquartered in Jacksonville, US.