About Newlight Technologies
Newlight Technologies is a company based in Huntington Beach (United States) founded in 2003 by Kenton Kimme and Mark Herrema.. Newlight Technologies has raised $220.21 million across 5 funding rounds from investors including Oxy, Charter Next Generation and GenZero. The company has 149 employees as of December 31, 2022. Newlight Technologies offers products and services including AirCarbon and Regenerative Products. Newlight Technologies operates in a competitive market with competitors including Carbitex, Cemvita, Econic Technologies, Mango Materials and Greenwear, among others.
- Headquarter Huntington Beach, United States
- Employees 149 as on 31 Dec, 2022
- Founders Kenton Kimme, Mark Herrema
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Sectors
RetailEnvironment Chemicals & Materials
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Newlight Technologies Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$220.21 M (USD)
in 5 rounds
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Latest Funding Round
$125 M (USD), Series F
Aug 03, 2023
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Investors
Oxy
& 4 more
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Employee Count
149
as on Dec 31, 2022
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Products & Services of Newlight Technologies
Newlight Technologies offers a comprehensive portfolio of products and services, including AirCarbon and Regenerative Products. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Material derived from greenhouse gases for creating reusable, eco-friendly products.
Items made from AirCarbon to reduce environmental impact and pollution.
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Funding Insights of Newlight Technologies
Newlight Technologies has successfully raised a total of $220.21M across 5 strategic funding rounds. The most recent funding activity was a Series F round of $125 million completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series F — $125.0M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Series F - Newlight Technologies | Valuation | GenZero | |
| Sep, 2020 | Amount | Series E - Newlight Technologies | Valuation | Valedor Partners | |
| Aug, 2018 | Amount | Series D - Newlight Technologies | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Newlight Technologies
Newlight Technologies has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Oxy, Charter Next Generation and GenZero. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments in multiple sectors are made by Grayarch Partners.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Newlight Technologies
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Newlight Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Newlight Technologies Comparisons
Competitors of Newlight Technologies
Newlight Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Carbitex, Cemvita, Econic Technologies, Mango Materials and Greenwear, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Carbon-fibre induced materials are supplied for fashion applications.
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| domain | founded_year | HQ Location |
Developer of biotechnology that transforms carbon waste into valuable resources
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| domain | founded_year | HQ Location |
Technology is developed to convert carbon dioxide into raw materials.
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| domain | founded_year | HQ Location |
Biodegradable plastics are produced from waste methane by Mango Materials.
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| domain | founded_year | HQ Location |
Operates retail store of apparel wear for women
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Newlight Technologies
Frequently Asked Questions about Newlight Technologies
When was Newlight Technologies founded?
Newlight Technologies was founded in 2003 and raised its 1st funding round 10 years after it was founded.
Where is Newlight Technologies located?
Newlight Technologies is headquartered in Huntington Beach, United States. It is registered at Huntington Beach, California, United States.
Who is the current CEO of Newlight Technologies?
Mark Herrema is the current CEO of Newlight Technologies. They have also founded this company.
Is Newlight Technologies a funded company?
Newlight Technologies is a funded company, having raised a total of $220.21M across 5 funding rounds to date. The company's 1st funding round was a Series D of $40.81M, raised on Oct 15, 2013.
How many employees does Newlight Technologies have?
As of Dec 31, 2022, the latest employee count at Newlight Technologies is 149.
What does Newlight Technologies do?
Newlight Technologies was founded in 2003 in Huntington Beach, United States, and operates in the sustainable materials sector. Methane-based greenhouse gases are converted into a natural biomaterial called PHB through the use of ocean-derived microorganisms. This material is processed by melting and forming it into various products. The companys activities focus on environmental applications within the biotechnology and materials industry.
Who are the top competitors of Newlight Technologies?
Newlight Technologies's top competitors include Econic Technologies, Carbitex and Mango Materials.
What products or services does Newlight Technologies offer?
Newlight Technologies offers AirCarbon and Regenerative Products.
Who are Newlight Technologies's investors?
Newlight Technologies has 5 investors. Key investors include Oxy, Charter Next Generation, GenZero, Valedor Partners, and GRAYARCH PARTNERS.
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