Nexus Circular, an Atlanta, GA-based recycling firm, raised $150M in Equity funding.
The spherical was led by Cox Enterprises.
The firm intends to make use of the funds to speed up the enlargement of its recycling course of.
Led by CEO Jodie Morgan, and Jeff Gold, COO, Nexus Circular is a recycling firm on the heart of the plastics round economic system. Using its proprietary resolution, Nexus works with recycling organizations to seize used plastics, particularly hard-to-recycle movies, from landfills and has already diverted hundreds of thousands of kilos of plastics. By leveraging environment friendly know-how, operations that scale, and other people, its proprietary know-how and course of design converts used plastics into clear, ISCC Plus licensed round merchandise for world firms who convert them to virgin-equivalent plastics to satisfy their recycled content material targets.