Novoloop completed $21 million Series B Round funding
Sector:
Cleantech
06/25/2025
Menlo Park, CA USA
Novoloop
completed $21 million Series B Round funding. Investors include
Taranis (lead), Valo Ventures.
Miranda Wang, CEO and Co-Founder of Novoloop (left)
“We are thrilled to partner with Taranis, whose deep commitment in plastic circularity and industrial decarbonization aligns with our ambition to scale Lifecycling™ globally,” said Miranda Wang, CEO and Co-Founder of Novoloop. “This round positions us to meet growing demand from a wider supply chain seeking circular and cost-competitive polyurethanes through the industrial scale-up of our first-of-a-kind technology.”
About
Novoloop is a circular innovation company transforming hard-to-recycle plastics with its proprietary Lifecycling™ technology. By chemically upcycling post-consumer polyethylene into high-performance, low-carbon polyols and polyurethanes, Novoloop enables sustainable materials for applications in footwear, apparel, automotive, and more. Founded in 2015 and based in California, the company has raised over $50 million and holds 50 granted and pending patents across 18 regions. Novoloop’s Lifecycled™ TPU debuted in On’s Cloudprime sneaker in 2022, and in 2025, the company was named one of TIME’s World’s Top Greentech Companies.
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