Tag - CleanFiber

CleanFiber secures $14 million for Lackawanna expansion

A past 43North winner is expanding again after securing $14 million in debt financing. Five years after the company moved to Buffalo, CleanFiber now employs more than 70 people in its Lackawanna factory. The funding will support the addition of new equipment that allows the company to fulfill the demand for its product. “We’ve had a significant uptick in hiring that’s been driven by growth and demand,” CEO Jonathan Strimling said. “We have a long backlog of demand for […]

43North has reinvested in three companies that previously won awards in its namesake competition.

Kangarootime, CleanFiber and Strayos each received a new $300,000 investment from the state-backed nonprofit. 43North has been hosting a business competition since 2014, offering cash awards to startups in return for 5% of their companies. CleanFiber CEO Jon Strimling moved his business to Buffalo after winning $500,000 in the 2016 version of 43North. Since that time, he has turned the theoretical promise of his company into a real-world factory that can barely keep up with demand. CleanFiber turns recycled […]