Loop Industries, Inc.
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Loop Industries, Inc. - overview
Established
2014
Location
Terrebonne, QC, Canada
Primary Industry
Materials
About
Loop Industries, Inc. , based in Canada, specializes in advanced recycling, transforming waste PET plastic and polyester fiber into high-quality, sustainable materials, fostering a circular economy. Founded in 2014 and headquartered in Terrebonne, Canada, Loop Industries, Inc. focuses on recycling waste PET plastic and polyester fiber.
The company was founded by Daniel Solomita, who has a history of entrepreneurial ventures. Loop has raised a total of USD 34. 60 mn, with its most recent funding round, a PIPE, occurring on December 12, 2024, led by Northern Private Capital. Loop Industries has completed 2 deals to date.
Loop Industries specializes in the advanced recycling of waste PET plastic and polyester fiber, utilizing proprietary technology to create high-purity, virgin-quality PET resin. Their flagship product, Infinite Loop™, targets industries such as packaging, textiles, and consumer goods, enabling manufacturers to source PET and polyester fiber made entirely from recycled content. The company serves a diverse clientele, including environmentally-conscious brands and operates across North America, Europe, and Asia. In 2019, Loop Industries reported a revenue of USD 0 and an EBITDA of USD -16.
60 mn. Their revenue structure is built on partnerships and licensing agreements with manufacturers and brands, focusing on the sale of Infinite Loop™ resin for sustainable production processes. Loop Industries is planning to expand its product offerings with new designs slated for release in the near future. The company is also targeting growth in specific geographic regions, with plans to enter additional markets by early 2025.
The recent PIPE funding of USD 34. 60 mn will support these initiatives, including the recent debt financing of EUR 10 million provided by Reed Societe Generale Group.
Current Investors
Northern Private Capital
Primary Industry
Materials
Sub Industries
Rubber & Plastics
Website
www.loopindustries.com/
Verticals
Clean Technology, Manufacturing
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Loop Industries, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Debt | Completed | Loop Industries, Inc. | - | ||||||||
| PIPE | Completed | Loop Industries, Inc. | - |
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