What is Novoloop?
Founded in 2015 by Miranda Wang and Jeanny Yao, Novoloop is a California-based company dedicated to upcycling plastic waste. Its proprietary Lifecycling technology addresses the critical challenge of recycling polyethylene (PE) plastics, such as plastic bags and packaging, which are often destined for landfills or incineration. By converting these materials into advanced, high-performance products, Novoloop not only diverts waste but also significantly reduces the carbon footprint associated with traditional plastic production. This innovative approach places Novoloop at the forefront of sustainable materials science and the burgeoning 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 Bemis Associates, Alante Capital, SOSV, DRIVE Catalyst, Hanwha Solutions, Envisioning Partners, S Cap, Valo Ventures, and Mistletoe
Series B (2025): $21M supported by Taranis
Key Investors in Novoloop
Bemis Associates
Bemis Associates, founded in 1910, specializes in thermoplastic adhesives and film for sew-free applications, offering consulting services for machinery selection in bonding and cutting technologies.
Alante Capital
Alante Capital is an early-stage venture capital fund focused on modernizing design-driven consumer industries, particularly in fashion, home, and outdoor sectors, with an emphasis on climate tech and circularity.
DRIVE Catalyst
DRIVE Catalyst, the venture capital arm of Far Eastern Group, invests in innovative startups focused on sustainability and deep technology, including precision manufacturing, AI, robotics, and circular economy initiatives.
What's next for Novoloop?
With the infusion of major strategic investment, Novoloop is poised for accelerated growth and market expansion. The company's focus on scaling its proprietary Lifecycling technology suggests a strategic push towards broader industrial adoption and the development of new product lines derived from upcycled plastics. This enterprise-level backing will likely fuel advancements in research and development, enhance manufacturing capabilities, and strengthen strategic partnerships. Novoloop's trajectory indicates a commitment to not only achieving commercial success but also making a substantial environmental impact by offering viable, sustainable alternatives to virgin plastics.
See full Novoloop company page
