Agilyx secures funding for new offices

Portland, Oregon-based Agilyx Corp., a leader in the chemical recycling of postuse plastics back into polymers, chemicals and low-carbon fuels, has announced that it secured growth financing from a set of European investors led by Carnegie Investment Bank as the sole advisor on the financing. As part of the financing, the company also has announced that it plans to set up offices in Oslo, Norway, as well as Boston that will support European market opportunities and expand its corporate and business development capabilities. The company had announced in November 2019 its plans to open an office in the Boston area as well as an office in Northern Europe. 

“This announcement is a major milestone for the company,” says Joe Vaillancourt, CEO of Agilyx. “We are excited to add such an impressive set of institutional, private equity and family office investors to the Agilyx team who share our vision and who are fully committed to supporting environmental solutions. Together with the exceptional support we received from Carnegie Investment Bank, we are well positioned to execute on our strategic goals.”

“We strongly believe that the world needs to start to improve current plastic recycling rates and treat plastic as a renewable resource, and that Agilyx has the solution, expertise and business model to be a leading player in this commercial transformation. We are excited to continue to support Agilyx going forward,” says Christian Begby, CEO of Carnegie Norway.