PolyGone is an interdisciplinary green tech company focused on addressing the critical issue of microplastic pollution in waterways. With approximately 8 million tonnes of plastic entering waterways annually, and 80% of it being transported through polluted rivers, the need for effective microplastic removal solutions is pressing. The company has developed the Plastic Hunter, the world's first affordable, portable, and environmentally friendly microplastic sequestration device. This modular water treatment wetland pad utilizes organic and artificial root networks as biofilters to passively entrap microplastics, without disrupting the aquatic ecosystem. The technology aims to combat the rising levels of microplastic concentrations in rivers and drinking water, offering a potential solution to this globally concerning issue.
Founded in 2021 and based in the United States, PolyGone recently secured a $250.00K grant investment from NJEDA on 13 September 2023. The company's innovative approach to addressing environmental sustainability and pollution challenges positions it as an attractive venture for investors looking to support impactful green initiatives with the potential for significant social and environmental returns.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Grant | $250.00K | 1 | 13 Sep 2023 | |
Grant | $1.90M | 1 | National Oceanic and Atmospheric Administration | 10 Apr 2023 |
Grant | $74.99K | 1 | 02 Aug 2022 | |
Non Equity Assistance | Unknown | 1 | 01 Aug 2022 | |
Pre Seed Round | Unknown | 1 | 18 Apr 2022 |