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Loliware

Bio-based Materials
Product stageSegments
Early
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Bio-based packaging materials
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Loliware produces edible kelp-based cups and cutlery using its proprietary patented “SEA technology”. SEA technology combines a proprietary blend of ocean-farmed seaweed, minerals, and natural colors to create bio-based pellets, which can be used to produce biodegradable products such as straws.  All of Loliware’s products are claimed to be hyper-compostable. As announced in January 2020, the company is expected to have launched small packs of straws for consumer purchase in early 2020 and had plans to launch more products such as cocktail straws, u-shaped straws and utensils in 2020. Loliware plans to add cups, lids, packaging, and kitchen utensils to its portfolio. 

In October 2020, the company launched the LOLIWARE Straw, as an alternative to the 500 million plastic straws used daily in the US. In April 2018, French alcoholic beverage producer Pernod Ricard partnered with Loliware as part of its strategy to stop the use of single use plastic straws. Loliware has also partnered with Marriott to supply straws. In April 2022, Loliware introduced a seaweed-based pellet made using its proprietary “SEA technology”. which can be used to produce the company’s Blue Carbon straws at scale.  As of December 2019, Loliware has a capacity of producing two million Blue Carbon straws per week at its pilot plant based in New York. This is set to increase to an annual capacity of 30 billion straws in 2020, following the use of Loliware’s new production plant in Europe. To support further manufacturing, Loliware partnered with packaging manufacturer Sinclair and Rush to produce Blue Carbon straws at a large scale. 

Loliware raised USD 6 million in a seed funding round in January 2019, led by venture studio Hatzimemos/Libby. The company aimed to use these funds to scale up and for further research and development.

Bio-based Materials

Bio-based Materials

Key stats
Featured companies
164
Total funding (USD)
8.0 Bn
Total addressable market (USD)
33.4 Bn
Key competitors
 
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Product Overview
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Company profile
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Recent Updates

Partnerships
Sep 4, 2023
Loliware expands to Europe with Montachem International
Bio-based Materials
Funding
Feb 15, 2023
Loliware raises USD 15.4 million in Pre-Series A funding
Bio-based Materials

Company Brief


HQ location:
Beacon, NY San Jose CA USA
Founded year:
2015
Employees:
11-50
Total Funding:
USD 15.6 million

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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