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.