Novoloop Says It’s Worked Out How To Upcycle Plastic Waste, Raises $11M Series A

Feb 14, 2022•almost 4 years ago

Amount Raised

$11 Million

Menlo ParkManufacturing

Description

Upcycling polyethylene (the normal ubiquitous plastic we are all familiar with) into high-value plastics that can compete with “virgin” plastic (meaning plastics made directly from petro-chemicals) is a fiendish problem to solve. The fact that it’s been extremely hard to do so means billions of tonnes of plastic is never recycled, and it’s out there pouting the planet and our oceans. A new US-based startup, Novoloop, claims to have come up with an answer.

Company Information

Company

Novoloop

Location

3475 EDISON WAY, SUITE Q

Menlo Park, California, United States

About

Novoloop is a circular innovation company transforming hard-to-recycle plastics with its proprietary Lifecycling™ technology. By chemically upcycling post-consumer polyethylene into high-performance, low-carbon polyols and polyurethanes, Novoloop enables sustainable materials for applications in footwear, apparel, automotive, and more. Founded in 2015 and based in California, the company has raised over $50 million and holds 50 granted and pending patents across 18 regions. Novoloop’s Lifecycled™ TPU debuted in On’s Cloudprime sneaker in 2022, and in 2025, the company was named one of TIME’s World’s Top Greentech Companies.

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Novoloop Says It’s Worked Out How To Upcycle Plastic Waste, Raises $11M Series A

Description

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