Molg Raises .5 Million in Seed Funding

STERLING, VA, Molg announces the closing of $5.5 million in seed funding to scale the company’s circular manufacturing processes for electronics and electrical components.

Molg announces the closing of $5.5 million in seed funding to scale the company’s circular manufacturing processes for electronics and electrical components. Closed Loop Partners’ Ventures Group led the round, with participation from Amazon Climate Pledge Fund, ABB Robotics & Automation Ventures, Overture, Elemental Impact and Techstars. The company plans to use funding to scale production capacity and meet growing customer demand for circularity and automation.

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By VC News Daily

Source: VC News Daily