What is Novoloop?
Founded in 2015 by Miranda Wang and Jeanny Yao, Novoloop operates at the intersection of deep tech and environmental sustainability. The California-based enterprise specializes in the chemical upcycling of polyethylene (PE) waste—a notoriously difficult material to process—into high-value performance products. By converting plastic bags and packaging into virgin-quality materials, Novoloop effectively bridges the gap between waste management and high-performance manufacturing. Its market position is bolstered by a robust intellectual property portfolio and a strategic focus on reducing the carbon footprint of consumer goods, positioning the company as a critical player in the transition toward a circular economy.
How much funding has Novoloop raised?
Novoloop has raised a total of $42.1M across 3 funding rounds:
Debt
$150K
Series A
$21M
Series B
$21M
Debt (2020): $150K with participation from PPP
Series A (2022): $21M led by S Cap, Envisioning Partners, Mistletoe, Hanwha Solutions, DRIVE Catalyst, Valo Ventures, Bemis Associates, Alante Capital, and SOSV
Series B (2025): $21M supported by Taranis
Key Investors in Novoloop
Taranis
A technology-driven firm specializing in high-resolution imagery and AI-powered insights to improve agricultural sustainability and yield precision.
S Cap
An investment firm focused on early-stage climate tech startups dedicated to reducing greenhouse gas emissions and achieving Net Zero goals.
Envisioning Partners
An impact-focused venture capital firm that partners with innovative enterprises to drive positive social and environmental change through sustainable development.
What's next for Novoloop?
With the successful closure of this latest financing round, Novoloop is poised to scale its operational capacity and expand its market reach. The strategic focus will likely shift toward optimizing its Lifecycling technology for industrial-scale production, enabling broader adoption among global consumer brands seeking to meet aggressive sustainability targets. As the company matures, the integration of its materials into diverse supply chains—ranging from fashion to automotive—will be central to its long-term value creation. The firm remains well-positioned to capitalize on the increasing regulatory and corporate pressure to eliminate plastic waste, setting the stage for potential future expansion or strategic partnerships within the broader materials science ecosystem.
See full Novoloop company page
