EIT Manufacturing, the largest innovation and knowledge community in manufacturing in Europe, supported by the European Institute of Innovation and Technology (EIT), a body of the European Union, has been represented by its CEO, Caroline Viarouge, and its Business Creation Director, Kevin Lenehan, who kicked off the event together, setting…
Dec 10, 2020
TRENTON, N.J., TerraCycle, Manager of Loop Global Holdings LLC, announced today that it has completed a Series A Founding Investors capital raise of $25 million for its global reuse platform Loop, which capital is expected to fund operations to profitability. Investors include P&G, Nestlé, SUEZ, Aptar, Sky Ocean Ventures, ImpactAssets and Quadia. Given Loop s global momentum and the limited amount of capital being raised, it was important for us to pick partners who firmly believe in Loop s mission to establish modern-day reuse systems, said Tom Szaky, TerraCycle CEO. With this community of partners, Loop is the beginning of the end of disposability, making reuse a viable and accessible option for CPGs, retailers and consumers.