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Plastic Upcycling Startup Novoloop Raises $10M Series A Extension To Accelerate Commercialization

Plastic Upcycling Startup Novoloop Raises $10M Series A Extension To Accelerate Commercialization

06/01/22, 1:00 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgmenlo park
Money raised
$10 million
Industry
commerce and shopping
Round Type
series a
Novoloop, a plastic upcycling startup, said Wednesday it has raised a $10 million Series A extension round co-led by South Korean chemical firm Hanwha Solutions and Taizo Son’s Mistletoe. This follows a first raise of $11 million in February and brings the Series A to $21 million and its total funding to $24 million.

Company Info

Company
Novoloop
Location
menlo park, california, united states
Additional Info
Novoloop is an advanced upcycling company that creates quality chemicals and materials made from plastic waste through their patented, low-carbon upcycling technology process ATOD™. With upcycled product Oistre™, Novoloop provides thermoplastic polyurethane solutions for footwear, sporting goods, automotive and more.