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Novoloop
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Short description

Developer of biotechnology that upcycles plastic pollution into valuable compounds for textiles using genetically engineered bacteria

Founded in 2015
Founded in

Company type Private Public ()
Company type

Industry Group waste & recycling

Sector waste management

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters University City, PA University City, United States
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Updated by Hattie Partner at on 05/21/2025

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Date Company
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Date Partner Type
02/14/2022
Bemis Associates Bemis Associates
Partnership part of Series A Investment.
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Confirmed by Bemis Associates
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IPO INFORMATION

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Date Investors Type Amount
06/03/2022 Mistletoe Mistletoe , Hanwha Investment Corp Hanwha Investment Corp , Valo Ventures Valo Ventures , SOSV SOSV , S Capital VC S Capital VC , DRIVE Catalyst DRIVE Catalyst , Alante Capital Alante Capital (7)
Post-money valuation of
Funding will be used to industrialize process and make post consumer materials available for various applications such as apparel, electronics and automotive uses.
Series A $10,000,000
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