What is GreenMantra Technologies?
Based in Brantford, Ontario, GreenMantra Technologies specializes in the cost-effective transformation of plastics into high-value specialty chemicals, including waxes, greases, and lubricants, through a patented process. Since its founding in 2010, the company has experienced rapid growth, supplying custom wax formulations and drop-in replacement waxes to diverse market segments such as color masterbatch, roofing shingles, rubber, coatings, and road asphalt modifiers. This strategic focus on upcycling plastic waste into valuable chemical products positions GreenMantra as a key player in the circular economy and sustainable materials industry.
How much funding has GreenMantra Technologies raised?
GreenMantra Technologies has raised a total of $32.2M across 4 funding rounds:
Private Equity
$17M
Private Equity
$3M
Private Equity
$2.2M
Debt
$10M
Private Equity (2014): $17M with participation from Comerica, ArcTern Ventures, Export Development Canada, Cycle Capital, and Sustainable Development Technology Canada
Private Equity (2017): $3M led by Closed Loop Fund
Private Equity (2017): $2.2M supported by Sustainable Development Technology Canada
Debt (2025): $10M featuring Closed Loop Partners
Key Investors in GreenMantra Technologies
Closed Loop Fund
Closed Loop Partners is a New York-based investment firm focused on building the circular economy, investing in ventures that offer strong financial returns and tangible environmental impact.
Sustainable Development Technology Canada
Sustainable Development Technology Canada (SDTC) is a foundation that supports Canadian entrepreneurs in developing and deploying globally clean technology solutions.
ArcTern Ventures
ArcTern Ventures is a venture capital firm investing in entrepreneurs addressing climate change and sustainability, with a focus on clean energy, circular economy, and advanced manufacturing.
What's next for GreenMantra Technologies?
The recent major strategic investment signals a pivotal phase for GreenMantra Technologies, likely enabling the company to scale its operations, enhance its proprietary technology, and expand its market reach. This capital infusion is anticipated to accelerate the deployment of its innovative plastic-to-chemical conversion processes, potentially leading to new product development and strategic partnerships. The company's continued focus on sustainability and cost-efficiency in chemical production suggests a strong outlook for future growth and market leadership.
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