Fulmer & Company is pleased to share that ChopValue has successfully closed the latest funding round. Led by existing shareholders Fulmer & Company and Active Impact Investments, with participation from BDC Capital, Export Development Canada and other current investors, ChopValue secured $3.15 million in fresh capital.
At the beginning of 2021, ChopValue entered a strong growth phase. “We will be leveraging this capital to expand our corporate operations in Canada and the US, grow our international network of circular economy franchises, and bring even more products to market using our unique Microfactory concept'', commented Felix Böck, CEO and Founder of ChopValue.
With ChopValue rapidly advancing in retail space and ramping up franchise operations, Fulmer & Company will continue providing leadership and governance support in addition to exploring new investment opportunities and strengthening the existing investor relations. Yuri Fulmer, Chairman of Fulmer & Company added "we are extremely excited to be part of this incredible business and help scale their operations with the onset of ChopValue’s global franchise network."
ChopValue is a product engineering and design firm that gives used chopsticks a second life. With the goal of opening micro-factories on a global scale, the concept is local in all aspects - from sourcing these under-utilized resources, to uniquely manufacturing and providing high-value products - all while minimizing their carbon footprint through its solutions. To learn more about ChopValue and its innovative products, visit chopvalue.com