# Novoloop

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/novoloop

- Industry: Materials
- Headquarters: Menlo Park, US
- Website: www.novoloop.com
- Total disclosed funding: $38M
- Latest round: Series B (Dec 12, 2024)
- Investors on record: 11

## About

Based in California, US, and founded in 2015 by CEO Miranda Wang and COO Jeanny Yao, Novoloop, Inc. turns packaging waste—polyethylene into high-performance materials used for raw materials including shoes, cars, homes, and more. In December 2024, Novoloop, Inc. raised USD 19.17 million in series B funding led by new investor Taranis, with participation from another new investor SHOP Limited. Returning investor Valo Ventures also participated in the round. The round was part of a USD 30 million series B funding. The company transforms packaging waste into high-performance materials used in shoes, cars, homes, and more. The company's technology, Accelerated Thermal Oxidative Decomposition (ATOD™) harvests plastic waste as a carbon-rich feedstock and stores them as performance materials with virgin qualities. The company has also developed a product called Oistre™ by ATOD technology.

## Funding rounds

- Series B, Dec 12, 2024, $19M — Valo Ventures, Taranis Investment
- Series A, Apr 8, 2022, $8.7M — SOSV, Drive, Mistletoe, Valo Ventures, S Cap, Alante Capital, Hanwha Solutions
- Series A, Nov 19, 2021, $10M — Bemis Company, Inc, SOSV, Mistletoe, Valo Ventures, Time Ventures, Envisioning Partners

## Investors

- Bemis Company, Inc — Series A
- SOSV (https://capitalatlas.ai/funds/sosv) — Series A
- Mistletoe (https://capitalatlas.ai/funds/mistletoe) — Series A
- Valo Ventures (https://capitalatlas.ai/funds/valo-ventures) — Series A, Series B
- Time Ventures (https://capitalatlas.ai/funds/time-ventures) — Series A
- Envisioning Partners (https://capitalatlas.ai/funds/envisioning-partners) — Series A
- Drive (https://capitalatlas.ai/funds/drive) — Series A
- S Cap (https://capitalatlas.ai/funds/s-cap) — Series A
- Alante Capital (https://capitalatlas.ai/funds/alante-capital) — Series A
- Hanwha Solutions — Series A
- Taranis Investment (https://capitalatlas.ai/funds/taranis-investment) — Series B