LOLIWARE logo

LOLIWARE Funding & Investors

San Jose, CA

LOLIWARE’s mission is to advance the planet towards a plastic-free, decarbonized future with products that are Designed to Disappear. We’re an award-winning materials tech company and we are replacing single-use plastics with bio-renewable seaweed-derived alternatives. The team bringing this vision to life is a diverse and global group of planetary visionaries, scientists, engineers, business leaders, strategists, and technologists with a shared vision for a plastic-free future. And additionally, we’ve formed a very high caliber scientific advisory board with Dr. Carlos Duarte, a world-renowned marine scientist guiding our seaweed supply chain, Dr. Louis Metzger formerly chief scientific officer at Tierra Biosciences, and Dr. Garret Miyake, an award-winning chemist, Sloan research fellow, and co-founder of Cypris materials. There’s an increasing number of biobased alternatives on the market, but not all products are created equal. There are concerns about their true environmental impact as compared to plastic. Biodegradability is one critical factor to consider, but we must also look at the carbon footprint. Some current options such as paper straws carry a carbon footprint of 2-3X more than plastic itself while others have made false claims around their biodegradability. A better future necessitates an alternative that is proven to be compostable, carbon negative, and scalable. LOLIWARE was just awarded top product of the year from Environmental + Energy leader because they believe we have the ability to set a new industry standard for single-use plastics Our first product is a home compostable, ocean safe, tree-free, drinking straw. But it’s important to note that LOLIWARE is not a straw company, we are a biopolymer company with applications in every category of single-use plastics. LOLIWARE is focused on 6 new products by the close of 2023.

loliware.com

Total Amount Raised: $15,600,000

LOLIWARE Funding Rounds

  • Seed

    $6,000,000

    Seed Investors

    Clay Rockefeller
    L Catterton
    Alumni Ventures Group
    Geekdom Fund
    5 Pillars Capital
    CityRock Venture Partners
    Bryan Meehan
    John Roulac
    Ryland Engelhart
    Ben Krasnostein
    Ehukai Investments
    Castor Ventures
    Kilara Capital
  • Seed

    $1,700,000

    Seed Investors

    NaHCO3
    For Good Ventures
  • Seed

    $6,000,000

    Seed Investors

    CityRock Venture Partners
    New York Ventures
  • Pre Seed

    $1,000,000

    Pre Seed Investors

    Closed Loop Ventures
  • Angel

    $900,000

    Angel Investors

    Mark Cuban
    Michael F. Price
    Jennifer Gilbert
Funding info provided by Diffbot.