Loliware
Latest round
- Seed
Last raised
- Oct 2022
Total raised
- $6.9M
Investors
- 9
About Loliware
Loliware, Inc.Founded in 2010 in New York, Loliware, Inc. focuses on creating sustainable packaging solutions through their proprietary SEA Tech™.Loliware, Inc. specializes in innovative seaweed-based biomaterials, primarily focused on their flagship product, the Blue Carbon Straw. This product has been fully commercialized and is verified as plastic-free by Oceanic Global's Blue Standard. The company leverages its proprietary SEA Tech™ to create sustainable packaging solutions that address the urgent need for plastic alternatives in various industries, including food and beverage, retail, and e-commerce. By incorporating seaweed into their product line, Loliware aims to promote a plastic-free future while providing environmentally conscious businesses with effective packaging options.Loliware, Inc. generates revenue through a combination of product sales and licensing agreements for SEA Tech™ resins. The company engages in direct transactions with businesses seeking to reduce their environmental impact by utilizing seaweed-based materials. This includes both individual product purchases and licensing deals that allow companies to integrate SEA Tech™ into their own product lines. Specific pricing structures for these products are tailored to the needs of clients, whether they are retailers or wholesalers, fostering a business model that supports both B2B and direct-to-consumer transactions.Loliware plans to expand its product line by introducing new seaweed-based packaging solutions designed for specific applications in the food and beverage sectors. The company aims to enter additional markets in South America and Africa by the end of 2024.00 mn will be utilized to enhance product development and support market entry initiatives, following the strategic exit of Closed Loop Partners from Loliware LLC.
Who invested in Loliware
9 investors across 3 rounds
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Questions about Loliware
Who invested in Loliware?
Loliware has 9 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Loliware raised?
Loliware has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Loliware last raise money?
Loliware's most recent round on record is a Seed, in Oct 2022.
What does Loliware do?
Loliware is a consumer products company.
Where is Loliware headquartered?
Loliware is headquartered in New York, US.
Which VCs invest in companies like Loliware?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back consumer products companies at Loliware's stage. Their profiles are linked below.
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