Marshall Ventures is excited to announce a $200,000 investment in Owensboro-based Gryphon Environmental. This is Marshall Ventures first investment in an Owensboro based company.
Gryphon Environmental supplies large-scale drying products used to reduce suspensions in the municipal, industrial, agricultural and food and beverage industries. Gryphon has made it possible to use mass transfer and heat transfer to remove water from a suspension. The result is efficient and low-cost drying technology that makes it more affordable to dry biomass, biosolids, sludge, rendering byproducts and proteins. Gryphon dryers provide the most advanced drying solutions available and are able to easily scale and rapidly produce due to their repeatable, sectional designs.
Fund Manager John Marshall Moore said, “We feel fortunate to have this opportunity to invest in an Owensboro based company with such great prospects. Tid and his team have developed a product that puts Gryphon in a position to be the market leader. We expect this investment to not only be a great asset for our investors, but also our community.”
“Our team has done a remarkable job positioning the company for rapid growth in both the municipal and industrial markets. It is an exciting time as market adoption and deployment of our technology expands.,” said Tid Griffin, President and CEO of Gryphon Environmental.
“The addition of Marshall Ventures adds local intellectual capital and a boost of energy as we accelerate growth. Having support from within the community is indispensable. We look forward to making this a rewarding venture for their participants and the City of Owensboro.”
Marshall Ventures Fund is a $2 million fund based in Owensboro, KY that invests in early-stage companies. Marshall Ventures has invested in six Kentucky companies since 2015. For additional information about the fund, visit marshallventures.com
