About PURAGLOBE
PURAGLOBE is a company based in Devon (United States) founded in 1995.. PURAGLOBE has raised $75.5 million across 3 funding rounds from investors including Fifth Third Bancorp, Ara Partners and Junction Capital Partners. The company has 277 employees as of December 31, 2021. PURAGLOBE offers products and services including Sustainable Base Oils, Oil Collection Services, Refining Solutions, and Lubricants and Blending Services. PURAGLOBE operates in a competitive market with competitors including Itelyum, Ecoil, KVT Process Technology, Viscolube and Blue Tide Environmental, among others.
- Headquarter Devon, United States
- Employees 277 as on 31 Dec, 2021
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Sectors
Environment
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$75.5 M (USD)
in 3 rounds
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Latest Funding Round
$15 M (USD), Debt – Conventional
Aug 19, 2022
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Investors
Fifth Third Bancorp
& 2 more
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Employee Count
277
as on Dec 31, 2021
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Products & Services of PURAGLOBE
PURAGLOBE offers a comprehensive portfolio of products and services, including Sustainable Base Oils, Oil Collection Services, Refining Solutions, and Lubricants and Blending Services. 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.
Re-engineered oils for motor oils and plastics applications
Collection and recycling of used oils for sustainability
Patented processes to re-engineer used oil effectively
Blending for advanced motor oils and EV fluids
Funding Insights of PURAGLOBE
PURAGLOBE has successfully raised a total of $75.5M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $15 million completed in August 2022. 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 3
- Last Round Debt – Conventional — $15.0M
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First Round
First Round
(18 Aug 2017)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Debt – Conventional - PURAGLOBE | Valuation |
investors |
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| Aug, 2018 | Amount | Series C - PURAGLOBE | Valuation |
investors |
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| Aug, 2017 | Amount | Series C - PURAGLOBE | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 PURAGLOBE
PURAGLOBE has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Fifth Third Bancorp, Ara Partners and Junction Capital Partners. 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 are directed by Ara Partners across multiple industrial sectors.
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Founded Year | Domain | Location | |
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Invests in and actively manages industrial and critical services businesses strategically.
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Founded Year | Domain | Location | |
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Commercial bank
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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 PURAGLOBE
| 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 - PURAGLOBE
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Puraglobe Comparisons
Competitors of PURAGLOBE
PURAGLOBE 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 Itelyum, Ecoil, KVT Process Technology, Viscolube and Blue Tide Environmental, 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 |
Industrial waste regeneration and purification solutions are provided.
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| domain | founded_year | HQ Location |
Provides tech based solutions for recycling used cooking oil
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| domain | founded_year | HQ Location |
Turnkey solutions for industrial waste management plants are provided.
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| domain | founded_year | HQ Location |
Used motor oil is recycled into regenerated base oil.
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| domain | founded_year | HQ Location |
Used oil refining and recycling solutions are provided for sustainability.
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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 Puraglobe
Frequently Asked Questions about PURAGLOBE
When was PURAGLOBE founded?
PURAGLOBE was founded in 1995 and raised its 1st funding round 22 years after it was founded.
Where is PURAGLOBE located?
PURAGLOBE is headquartered in Devon, United States. It is registered at Devon, Pennsylvania, United States.
Who is the current CEO of PURAGLOBE?
Andreas Schuppel is the current CEO of PURAGLOBE.
Is PURAGLOBE a funded company?
PURAGLOBE is a funded company, having raised a total of $75.5M across 3 funding rounds to date. The company's 1st funding round was a Series C of $75.5M, raised on Aug 18, 2017.
How many employees does PURAGLOBE have?
As of Dec 31, 2021, the latest employee count at PURAGLOBE is 277.
What does PURAGLOBE do?
PURAGLOBE was founded in 1995 in Devon, United States, and operates in the used oil recycling sector. A license is held for the patented UOP HyLube and HyLubeSAT technologies, through which used oil is processed to yield base oils. A partnership with Applied Graphene Materials has been established to develop graphene-enhanced base oil formulations for machining and automotive uses. Four recycling facilities are maintained in the United States and Germany.
Who are the top competitors of PURAGLOBE?
PURAGLOBE's top competitors include Itelyum, Ecoil and KVT Process Technology.
What products or services does PURAGLOBE offer?
PURAGLOBE offers Sustainable Base Oils, Oil Collection Services, Refining Solutions, and Lubricants and Blending Services.
Who are PURAGLOBE's investors?
PURAGLOBE has 3 investors. Key investors include Fifth Third Bancorp, Ara Partners, and Junction Capital Partners.