Article Publish Date: Friday, October 29, 2021 on Wellington Advertiser | Written By: Community News Staff
Trusscore, a material science company that makes sustainable alternatives for traditional building products, is set to expand operations after attracting significant new investment dollars.
The company, which has a manufacturing facility in Palmerston, recently announced it has raised $26 million in Series A funding.
The investment was led by Round13 Capital from its newly created Earth Tech Fund that will back companies with complementary environmental and commercial mandates.
Series A financing refers to investment in a privately-held, start-up company after it has shown progress in building its business model and demonstrates the potential to grow and generate revenue.
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