Novoloop
Novoloop is a Specialty Polymers, Coatings & Surfaces company founded in 2015 and based in Menlo Park, USA. It has raised $50M in total funding, most recently a Series B in 2025.
Founded in 2015 in Menlo Park, California by Miranda Wang and Jeanny Yao, Novoloop uses a proprietary chemical process to convert hard-to-recycle polyethylene waste, such as plastic bags and films, into high-performance polyols and thermoplastic polyurethanes branded Lifecycled. Its Lifecycled TPU debuted in On's Cloudprime running shoe in 2022, and in 2025 the company was named one of TIME's World's Top Greentech Companies. Novoloop has raised over $50M and operates a demonstration plant in India while progressing toward its first commercial facility.
Turns the lowest-value plastic waste stream into branded performance materials already shipping in consumer footwear.
novoloop.com ↗·Specialty Polymers, Coatings & Surfaces·USA·private 
