Novoloop, Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Novoloop, Inc. - overview
Established
2015
Location
Menlo Park, CA, US
Primary Industry
Materials
About
Based in California, US, and founded in 2015 by CEO Miranda Wang and COO Jeanny Yao, Novoloop, Inc. turns packaging waste—polyethylene into high-performance materials used for raw materials including shoes, cars, homes, and more. In December 2024, Novoloop, Inc. raised USD 19.
17 million in series B funding led by new investor Taranis, with participation from another new investor SHOP Limited. Returning investor Valo Ventures also participated in the round. The round was part of a USD 30 million series B funding. The company transforms packaging waste into high-performance materials used in shoes, cars, homes, and more.
The company's technology, Accelerated Thermal Oxidative Decomposition (ATOD™) harvests plastic waste as a carbon-rich feedstock and stores them as performance materials with virgin qualities. The company has also developed a product called Oistre™ by ATOD technology.
Current Investors
Bemis Company, Inc, SOSV, Mistletoe
Primary Industry
Materials
Sub Industries
Recycling, Rubber & Plastics, Biopolymer Materials
Website
www.novoloop.com
Verticals
Clean Technology, Manufacturing
Company Stage
Series B
Total Amount Raised
Subscriber access only
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.