Black Bear secures $5.7 million to advance recovered carbon black technology

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.

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.

Read the full press release here.