Novoloop raises $21 million in Series B funding led by Taranis to scale circular performance materials.

Jun 25, 2025•6 months ago

Amount Raised

$21 Million

Round Type

series b

Menlo ParkManufacturing

Investors

Taranis

Description

Novoloop announced it has raised $21 million in Series B funding to enhance its production capabilities for circular performance materials. The funding round was led by Taranis. With this investment, Novoloop plans to scale its operations while contributing to sustainability in the materials industry.

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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