Plastic Upcycling Startup Novoloop Raises $10M Series A Extension To Accelerate Commercialization
06/01/22, 1:00 PM
Location
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
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.