NexPoint Capital Invests in Bioplastic Pioneer PlantSwitch's Early Growth Funding Round

NexPoint, a multi-billion-dollar alternative investment firm, has committed $2 million in the early growth funding round of PlantSwitch, a bioplastics manufacturer pioneering a carbon-negative production process. This investment, part of a total $7.7 million raised in the round, demonstrates NexPoint's strategic alignment with PlantSwitch's mission to replace petroleum-based single-use plastics with compostable bioplastic resin. PlantSwitch's innovative manufacturing process utilizes agricultural waste like rice husks and wheat straw, transforming them into biodegradable and compostable resins while contributing to a sustainable future by upcycling cellulose-rich byproducts.