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
Locked
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Website
Locked
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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.
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.
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.
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Investments are directed by Ara Partners across multiple industrial sectors.
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Invests in and actively manages industrial and critical services businesses strategically.
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Commercial bank
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Investor details for PURAGLOBE
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Investments & Acquisitions by PURAGLOBE
Investment portfolio details for PURAGLOBE
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Financial Statements - PURAGLOBE
Detailed financials for PURAGLOBE
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Puraglobe Comparisons
Peer comparison for PURAGLOBE
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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.
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Industrial waste regeneration and purification solutions are provided.
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Provides tech based solutions for recycling used cooking oil
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Turnkey solutions for industrial waste management plants are provided.
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Used motor oil is recycled into regenerated base oil.
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Used oil refining and recycling solutions are provided for sustainability.
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Detailed competitors of PURAGLOBE
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Latest news on Puraglobe
Complete news archive for PURAGLOBE
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Frequently Asked Questions about PURAGLOBE
PURAGLOBE was founded in 1995 and raised its 1st funding round 22 years after it was founded.
PURAGLOBE is headquartered in Devon, United States. It is registered at Devon, Pennsylvania, United States.
Andreas Schuppel is the current CEO of PURAGLOBE.
PURAGLOBE is a funded company, having raised a total of $75.5M across 3 funding rounds to date.
As of Dec 31, 2021, the latest employee count at PURAGLOBE is 277.
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.
PURAGLOBE's top competitors include Itelyum, Ecoil and KVT Process Technology.
PURAGLOBE offers Sustainable Base Oils, Oil Collection Services, Refining Solutions, and Lubricants and Blending Services.
PURAGLOBE has 3 investors. Key investors include Fifth Third Bancorp, Ara Partners, and Junction Capital Partners.