BastCore Raises $2.8M in Series A Funding

27 Apr, 2021

BastCore Raises $2.8M in Series A Funding
Photo by Anthony Fomin on Unsplash

– BastCore is a Montgomery, Ala.-based industrial hemp fiber processing & technology company.
– The company completed a $2.8m Series A financing round.
Poseidon Asset Management participated in the round.
– The company intends to use the proceeds to further enhance its proprietary decortication and degumming technology, hire new personnel and serve the demand it is seeing from the textiles market in addition to many other markets.

Agriculture Consumer Goods Manufacturing North America
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