Plusfoam Compound Technologies, the developer of recyclable performance materials to replace foams, rubbers and plastics in products like footwear, has secured new capital to expand its footprint internationally and in the US, including the construction of a new manufacturing facility. 

Plusfoam has raised an undisclosed sum from Acorn Innovestments and the Noël Group as part of a parnership which will help supercharge its US-based manufacturing launch to meet growing domestic demands for its materials. 

The company, whose customers include Patagonia, Vans, New Balance and Manduka, will use the funds to build new facilities in the US, and propel the material's adoption in new markets.

Of the partnership with Acorn and the Noël Group, Plusfoam co-founder and COO Jason Stanson said: "Their investment provides the resources necessary to expand our material offerings, build our new manufacturing facilities and accelerate the company's next generation research and development efforts." 

Over the last year, Plusfoam has seen tens of thousands of pounds of waste diverted from landfills, while it now has eight reclaim centres across the globe. 

Plusfoam custom compounded materials are used in products across many sectors, including fashion, action/outdoor sports, military and aerospace.