What is Loliware?
LOLIWARE Inc. is an award-winning materials technology firm dedicated to combating the environmental crisis caused by single-use plastics. The company has engineered a new category of high-performance products derived from seaweed, designed to be carbon negative and biodegradable. With organic demand spanning over 82 countries across six continents, LOLIWARE is actively seeking manufacturing partnerships to scale its innovative straw product and other materials under development. Their core mission is to leverage the power of seaweed to regenerate ocean ecosystems and contribute to global decarbonization, challenging the status quo of 'built to last' single-use products.
How much funding has Loliware raised?
Loliware has raised a total of $6M across 1 funding round:
Angel/Seed
$6M
Angel/Seed (2020): $6M with participation from HUmanCo VC, SOA Seabird Ventures, Hatzimemos/Libby, Geekdom Fund, Closed Loop Partners, Magic Hour, New York Ventures, For Good VC, and CityRock
Key Investors in Loliware
Geekdom Fund
Geekdom Fund is a venture capital firm dedicated to connecting entrepreneurs with investors, providing significant support and resources to portfolio companies. They focus on delivering results, with an average of assistance provided every 51 minutes, and have a track record of helping companies raise funding at a rate three times higher than the industry average. Their notable co-investors include top-tier venture capitalists and angel investors, enhancing their credibility and network. The firm targets startups with high growth potential, aiming to transform them into successful enterprises.
New York Ventures
New York Ventures is a venture capital and private equity firm. The company invests in information technology, life sciences and clean energy, as well as technologies important to advanced manufacturing. The company is headquartered in New York.
What's next for Loliware?
With its recent major strategic investment, LOLIWARE is poised for significant scaling and market penetration. The company's focus on enabling its technology for use on existing infrastructure, coupled with its pursuit of manufacturing partnerships, indicates a clear strategy for rapid expansion. This capital infusion will likely accelerate product development, enhance production capabilities, and broaden the company's reach in its mission to provide sustainable alternatives to conventional plastics. The substantial total funding underscores investor confidence in LOLIWARE's innovative approach to material science and its potential to drive substantial environmental impact.
See full Loliware company page
