{"id":123071,"date":"2023-02-27T07:23:00","date_gmt":"2023-02-27T06:23:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=123071"},"modified":"2023-02-22T14:45:57","modified_gmt":"2023-02-22T13:45:57","slug":"loliware-raises-15-4-million-in-pre-series-a-funding","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/loliware-raises-15-4-million-in-pre-series-a-funding\/","title":{"rendered":"Loliware Raises $15.4 Million in Pre-Series A Funding"},"content":{"rendered":"\n

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With $6 million raised in its latest round of pre-series A funding, Loliware has raised a total of $15.4 million \u2013 making it the market\u2019s best-funded seaweed materials tech company. Company officials said they will use the funds to focus on continued growth in the seaweed materials market, launch several new products and novel seaweed resins, and expand the company\u2019s research and development capabilities.<\/strong><\/p>\n\n\n\n

This most recent round of funders includes investors L Catterton, CityRock Venture Partners, Alumni Ventures Group, Geekdom Fund, Ehukai Investments, 5 Pillars Capital, Kilara Capital founder and managing director Ben Krasnostein, Clay Rockefeller, Kiss the Ground co-founder Ryland Engelhart, Nutiva founder and former CEO John Roulac, Blue Bottle Coffee founder Bryan Meehan, and others. U.S.-based plastics manufacturer Sinclair and Rush has committed capital as well.<\/p>\n\n\n\n

\u201cClimate change is a worldwide problem, and our pelletized seaweed resins are a step toward a solution,\u201d said Loliware founder and CEO Sea F. Briganti<\/strong>. \u201cBy reducing CO2<\/sub> emissions and strengthening the ocean-based \u2018blue economy,\u2019 our seaweed-derived products make it clear that regenerating the Earth is good business.\u201d<\/p>

Founded in 2016, Loliware is at the forefront of tech companies focusing on regenerative materials that support a stronger ecosystem. \u201cDemand for seaweed-based products promotes the creation of seaweed-farming operations in coastal communities worldwide,\u201d Briganti <\/strong>added.\u201cThis not only creates jobs where they are needed most but these undersea forests filter and oxygenate oceans while capturing carbon.\u201d<\/p><\/blockquote>\n\n\n\n

Loliware\u2019s seaweed-derived resins are fully compatible with existing manufacturing plastic extruding equipment, providing a unique, cost-effective way to replace single-use plastics at scale. The seaweed can be processed into Loliware\u2019s materials at local facilities and made into a wide array of products which compost easily and enrich the soil.<\/p>\n\n\n\n

“We are so excited about the opportunities that lie ahead for Loliware,\u201d said Whitney Casey, Venture Partner at L Catterton<\/strong>. \u201cThe potential for their patented SEA Technology to disrupt the broader materials market is huge. Straws are just the beginning for Sea and her team.\u201d<\/p>

\u201cWhat Loliware has created is revolutionary and is on the cusp of a paradigm shift in plastics,\u201d said Alumni Ventures\u2019 managing partner Cainon Coates<\/strong>. \u201cBy removing adoption and scale barriers, plastic manufacturers can simply swap plastic pellets for their seaweed pellets. The impact and upside potential are massive.\u201d<\/p><\/blockquote>\n\n\n\n

About LOLIWARE<\/h3>\n\n\n\n

Loliware is an award-winning materials tech company focused on replacing single-use plastics with seaweed-derived alternatives that are Designed to Disappear\u00ae. As the first company worldwide to truly scale seaweed as a viable replacement for plastic, Loliware’s innovative \u201cSEA (Seaweed-derived, Emission-avoiding, Alternatives to plastic) Technology\u00ae represents a new category of sustainable, regenerative resins derived from seaweed \u2013 a bio-renewable and carbon capturing input. The first product launch in the category is the Loliware drinking straw. SEATechnology\u00ae resins are currently being applied to single-use items, such as straws, cups, utensils and films to advance our planet toward a plastic-free, decarbonized future.<\/p>\n","protected":false},"excerpt":{"rendered":"

With $6 million raised in its latest round of pre-series A funding, Loliware has raised a total of $15.4 million \u2013 making it the market\u2019s best-funded seaweed materials tech company. Company officials said they will use the funds to focus on continued growth in the seaweed materials market, launch several new products and novel seaweed […]<\/p>\n","protected":false},"author":59,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"Loliware\u2019s seaweed-derived resins are fully compatible with existing manufacturing plastic extruding equipment, providing a unique, cost-effective way to replace single-use plastics at scale","footnotes":""},"categories":[5572],"tags":[7190,5838,5847,12661,13283],"supplier":[15144],"class_list":["post-123071","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-algae","tag-bioeconomy","tag-bioplastics","tag-resins","tag-seaweed","supplier-loliware"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/123071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=123071"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/123071\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=123071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=123071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=123071"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=123071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}