NEDERWEERT, Netherlands—Dutch cleantech company Black Bear Carbon B.V. has raised $5.7 million from venture capital firms Capricorn Venture Partners and Particon. This funding, combined with the money it raised in early September, will support advancements in its recovered carbon black (rCB) technology as well as the global roll-out of its "cradle-to-cradle" system.
Black Bear has developed a "tire to carbon black" technology with a unique carbonization process to produce rCB from end-of-life tires.
That technology is employed at the company's industrial-scale prototype plant in Neederwert, which operates in partnership with Kargro, a European tire recycler. The plant can process more than 1 million tires annually, and the rCB produced is used by companies such as AkzoNobel.
Black Bear that $5.7 million it recently raised would further develop the prototype plant and expand internationally.
Capricorn Venture Partners is an independent European manager of venture capital and equity funds, investing in innovative European technology companies. It is based in Leuven, Belgium.
Particon is an independent venture capital firm in Limburg, Netherlands.