What is Novoloop?
Founded in 2015 by Miranda Wang and Jeanny Yao, Novoloop operates at the intersection of deep tech and environmental sustainability. The company specializes in the conversion of post-consumer plastic waste into high-value, performance-grade materials, effectively decoupling plastic production from fossil fuel extraction. Through its proprietary Lifecycling process, Novoloop addresses the critical challenge of polyethylene waste, offering a scalable solution that significantly reduces the carbon footprint of traditional manufacturing. As the company transitions into its current growth phase, it remains focused on optimizing its chemical processes to provide sustainable alternatives for the global packaging and consumer goods industries.
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 Envisioning Partners, Mistletoe, Bemis Associates, SOSV, Valo Ventures, DRIVE Catalyst, S Cap, Alante Capital, and Hanwha Solutions
Series B (2025): $21M supported by Taranis
Key Investors in Novoloop
Envisioning Partners
Envisioning Partners is an impact venture capital firm that focuses on investing in innovative companies that aim to create positive social and environmental change.
Mistletoe
MISTLETOE JAPAN Inc. is dedicated to nurturing startups that contribute to solving significant global challenges through a collective impact community.
Taranis
Taranis is an agricultural technology firm that leverages high-resolution imagery and AI to provide insights that improve sustainability and resource efficiency.
What's next for Novoloop?
With this major enterprise-level funding, Novoloop is well-positioned to accelerate the commercial deployment of its Lifecycling technology. The strategic capital will likely be directed toward expanding production capacity and deepening partnerships with global material suppliers. As the regulatory landscape shifts toward mandatory circularity, Novoloop's ability to deliver high-performance, low-carbon materials provides a distinct competitive advantage. Future growth will likely center on scaling operations to meet the increasing demand for sustainable material inputs, further cementing the company's role as a critical infrastructure provider in the global transition toward a circular economy.
See full Novoloop company page
