Tech Company Financing Transactions
New Iridium Funding Round
On 6/11/2025, New Iridium landed $2.7 million in funding from National Science Foundation, Small Business Innovation Research (SBIR) and U.S. Department of Energy SunShot Initiative.
Transaction Overview
Company Name
Announced On
6/11/2025
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$2,650,000
Round
Undisclosed
Investors
Proceeds Purpose
The capital will be used to accelerate the development of New Iridium's flagship low-cost and low-carbon platform technology and to advance the construction of an industrial pilot facility with a capacity of 50 metric tons per year (approximately 140 kilograms per day).
Company Information
Company Status
Private & Independent
Industry
Advanced Materials
Mailing Address
Undisclosed
Boulder, CO Undisclosed
USA
Boulder, CO Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
New Iridium is a Colorado-based sustainable chemical innovation company developing a next-generation platform for low-carbon chemical manufacturing. By integrating thermal and photocatalytic technologies with bio-based feedstocks and captured CO2, New Iridium's platform efficiently transforms renewable inputs into high-value chemicals.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Chern-Hooi Lim
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