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.
MO
Michael OtworthFounder
DO
Dustin OlsonChief Executive OfficerDustin Olson holds degrees in chemical engineering from the University of Missouri-Rolla and University of Houston, and an MBA from Rice University. He brings industry experience in refining, olefins, and specialty chemicals across engineering, operations, maintenance, planning, and commercial management roles, including international project work.
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Lawrence SommaExecutive
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Stephen F. BouckNamed on SEC filing
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David BrennerNamed on SEC filing
TG
Timothy GlocknerNamed on SEC filing
Board
JF
Jeffrey FielerBoard director
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John ScottBoard director
SB
Steven BouckBoard director
Investors · 2
BMW i Ventureslisted by BMW i VenturesMountain View · $10M
How we know: BMW i Ventures's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us
Innventurelisted by Innventure
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)
▶$90MraisedSep 2024 · 7 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- 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)
▶Undisclosed amountofferedMay 2024 · 1 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- 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)
▶$250MraisedMar 2022 · 25 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- 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.