Novoloop, known as The Lifecycling™ Company, is a pioneering force in the realm of sustainability and waste solutions. The company, founded in 2015 and headquartered in the United States, operates within the manufacturing industry, focusing on transforming hard-to-recycle plastics into high-performance materials.
The company's groundbreaking platform, termed Lifecycling™, aims to facilitate a truly circular economy by converting plastic waste into materials that are molecularly identical to conventionally produced counterparts. This innovation promises to transform materials that traditionally end up in landfills into resources for new applications.
In April 2022, Novoloop raised a $10.00M Series A investment from a notable group of investors, including SOSV, Alante Capital, S CAP, Hanwha Solutions, Mistletoe Singapore, Valo Ventures, Seabird Ventures, and DRIVE Catalyst. The company's vision stands to attract further investment as it addresses critical environmental challenges.