Novoloop's $21 Million Boost: A Leap Toward Circular Economy
June 26, 2025, 3:37 pm
Location: United States, California, Menlo Park
Employees: 11-50
Founded date: 2015
Total raised: $42M
Location: United States, Indiana, Westfield
Employees: 51-200
Founded date: 2015
Total raised: $40M
In the heart of Silicon Valley, a revolution is brewing. Novoloop, a Menlo Park-based company, has secured $21 million in Series B funding. This infusion of capital is not just a financial boost; it’s a catalyst for change. Led by Taranis, this funding round also saw participation from existing investor Valo Ventures and new backer SHOP Limited, the family office of the Bata Shoe Company.
Novoloop is not your typical startup. Founded in 2015, it has emerged as a leader in advanced chemical recycling. Its proprietary Lifecycling™ technology is a game-changer. It transforms post-consumer polyethylene, one of the most stubborn plastics, into high-performance polyols and polyurethanes. Think of it as turning trash into treasure. This process not only reduces waste but also creates sustainable materials for various industries, including footwear, apparel, and automotive.
The company’s mission is clear: to drive the circular economy forward. With over $50 million raised to date and 50 patents granted or pending across 18 regions, Novoloop is positioned to make a significant impact. The funding will accelerate the commercial growth of Lifecycling™ and support the launch of key customer programs.
Why is this important? The world is drowning in plastic waste. Traditional recycling methods often fall short, leaving vast amounts of plastic in landfills and oceans. Novoloop’s technology offers a solution. By chemically upcycling polyethylene, it displaces fossil-based inputs in everyday products. This is not just about recycling; it’s about reimagining how we use materials.
The momentum is palpable. Novoloop has achieved continuous operations at its demonstration plant in India. It has forged strategic partnerships with polyurethane producers in China. The company is also making strides toward establishing its first commercial facility. This is not just a series of milestones; it’s a roadmap to a sustainable future.
Investors are taking notice. Taranis, a firm committed to plastic circularity and industrial decarbonization, sees Novoloop as a key player in the transition to a low-carbon economy. The alignment of goals is striking. As industries seek to decarbonize and eliminate waste, Novoloop stands ready with a breakthrough solution.
The funding is a testament to the growing demand for circular and cost-competitive polyurethanes. As the world grapples with climate change, the need for innovative solutions has never been more urgent. Novoloop’s Lifecycling™ technology fits the bill. It’s a bridge between waste and resource, between pollution and sustainability.
The implications extend beyond just the company. This funding round signals a shift in how we view waste. It challenges the notion that plastic is disposable. Instead, it positions plastic as a valuable resource. This shift in perspective is crucial for fostering a circular economy.
As Novoloop prepares to scale its operations, the focus will be on collaboration. Partnerships with other companies will be essential. The goal is to create a network of circularity, where materials are continuously reused and repurposed. This is the essence of a circular economy: a system that thrives on regeneration rather than depletion.
The journey ahead is not without challenges. Scaling up technology is a complex endeavor. It requires not only financial investment but also a commitment to innovation and sustainability. Novoloop is aware of this. The company is poised to navigate these challenges with a clear vision and a dedicated team.
The impact of Novoloop’s work could be profound. Imagine a world where plastic waste is no longer a burden but a resource. A world where products are made from materials that are endlessly recycled. This is the future Novoloop is striving for. It’s a future where sustainability is not just an option but a standard.
In conclusion, Novoloop’s $21 million funding round is more than just a financial milestone. It’s a beacon of hope in the fight against plastic waste. With its innovative technology and commitment to the circular economy, Novoloop is paving the way for a sustainable future. The journey is just beginning, but the destination is clear: a world where waste is transformed into value. As we look ahead, the possibilities are endless. The time for change is now, and Novoloop is leading the charge.
Novoloop is not your typical startup. Founded in 2015, it has emerged as a leader in advanced chemical recycling. Its proprietary Lifecycling™ technology is a game-changer. It transforms post-consumer polyethylene, one of the most stubborn plastics, into high-performance polyols and polyurethanes. Think of it as turning trash into treasure. This process not only reduces waste but also creates sustainable materials for various industries, including footwear, apparel, and automotive.
The company’s mission is clear: to drive the circular economy forward. With over $50 million raised to date and 50 patents granted or pending across 18 regions, Novoloop is positioned to make a significant impact. The funding will accelerate the commercial growth of Lifecycling™ and support the launch of key customer programs.
Why is this important? The world is drowning in plastic waste. Traditional recycling methods often fall short, leaving vast amounts of plastic in landfills and oceans. Novoloop’s technology offers a solution. By chemically upcycling polyethylene, it displaces fossil-based inputs in everyday products. This is not just about recycling; it’s about reimagining how we use materials.
The momentum is palpable. Novoloop has achieved continuous operations at its demonstration plant in India. It has forged strategic partnerships with polyurethane producers in China. The company is also making strides toward establishing its first commercial facility. This is not just a series of milestones; it’s a roadmap to a sustainable future.
Investors are taking notice. Taranis, a firm committed to plastic circularity and industrial decarbonization, sees Novoloop as a key player in the transition to a low-carbon economy. The alignment of goals is striking. As industries seek to decarbonize and eliminate waste, Novoloop stands ready with a breakthrough solution.
The funding is a testament to the growing demand for circular and cost-competitive polyurethanes. As the world grapples with climate change, the need for innovative solutions has never been more urgent. Novoloop’s Lifecycling™ technology fits the bill. It’s a bridge between waste and resource, between pollution and sustainability.
The implications extend beyond just the company. This funding round signals a shift in how we view waste. It challenges the notion that plastic is disposable. Instead, it positions plastic as a valuable resource. This shift in perspective is crucial for fostering a circular economy.
As Novoloop prepares to scale its operations, the focus will be on collaboration. Partnerships with other companies will be essential. The goal is to create a network of circularity, where materials are continuously reused and repurposed. This is the essence of a circular economy: a system that thrives on regeneration rather than depletion.
The journey ahead is not without challenges. Scaling up technology is a complex endeavor. It requires not only financial investment but also a commitment to innovation and sustainability. Novoloop is aware of this. The company is poised to navigate these challenges with a clear vision and a dedicated team.
The impact of Novoloop’s work could be profound. Imagine a world where plastic waste is no longer a burden but a resource. A world where products are made from materials that are endlessly recycled. This is the future Novoloop is striving for. It’s a future where sustainability is not just an option but a standard.
In conclusion, Novoloop’s $21 million funding round is more than just a financial milestone. It’s a beacon of hope in the fight against plastic waste. With its innovative technology and commitment to the circular economy, Novoloop is paving the way for a sustainable future. The journey is just beginning, but the destination is clear: a world where waste is transformed into value. As we look ahead, the possibilities are endless. The time for change is now, and Novoloop is leading the charge.