About Loop Industries
Loop Industries is a company based in Terrebonne (Canada) founded in 2015 by Daniel Solomita.. The company has 49 employees as of February 28, 2024. Loop Industries offers products and services including Infinite Loop Technology. Loop Industries operates in a competitive market with competitors including APK, Banyan Nation, Dalmia Polypro Industries, Jeplan and Srichakra Polyplast, among others.
- Headquarter Terrebonne, Canada
- Employees 49 as on 28 Feb, 2024
- Founders Daniel Solomita
- Stage Public
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Sectors
Environment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Loop Industries, Inc.
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Annual Revenue
$10.89 M7016.99as on Feb 28, 2024
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Net Profit
$-15.06 M28.6as on Feb 28, 2024
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EBITDA
$-5.2 M75.47as on Feb 28, 2024
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Latest Funding Round
$10.5 M (USD), Post-IPO
Dec 13, 2024
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Investors
Reedsocietegeneralegroup
& 1 more
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Employee Count
49
as on Feb 28, 2024
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IPO & Listings of Loop Industries
Loop Industries is a publicly listed company on the NASDAQ with ticker symbol LOOP in USA, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Loop Industries
Loop Industries offers a comprehensive portfolio of products and services, including Infinite Loop Technology. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Transforms waste PET into virgin-quality resin for reuse
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Funding Insights of Loop Industries
- Total Funding Total Funding
- Total Rounds 7
- Last Round Post-IPO — $10.5M
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First Round
First Round
(08 May 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2024 | Amount | Post-IPO - Loop Industries | Valuation |
investors |
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| Jul, 2021 | Amount | Post-IPO - Loop Industries | Valuation |
investors |
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| Jun, 2021 | Amount | Post-IPO - Loop Industries | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Loop Industries
Loop Industries has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Reedsocietegeneralegroup and Skglobalchemical. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Loop Industries
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Loop Industries
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Loop Industries Comparisons
Competitors of Loop Industries
Loop Industries operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as APK, Banyan Nation, Dalmia Polypro Industries, Jeplan and Srichakra Polyplast, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of plastic recycling solutions
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| domain | founded_year | HQ Location |
Post-consumer and industrial plastics are recycled into comparable granules.
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| domain | founded_year | HQ Location |
Provider of recycled plastic flakes and granules from post-consumer waste. It sources waste from various points in the supply chain, including waste pickers and municipalities. The company processes this waste to produce high-quality recycled PET and polyolefin products for use in various industries, including fashion, consumer packaging, and material handling. It also assists companies in meeting their extended producer responsibility (EPR) obligations. The process aims to maximize the value of collected plastic waste and promote a circular economy.
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| domain | founded_year | HQ Location |
Waste plastic is processed into recyclable materials via advanced technology.
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| domain | founded_year | HQ Location |
End-to-end plastic recycling and waste management solutions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Loop Industries
Frequently Asked Questions about Loop Industries
When was Loop Industries founded?
Loop Industries was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Loop Industries located?
Loop Industries is headquartered in Terrebonne, Canada. It is registered at Terrebonne, Quebec, Canada.
Who is the current CEO of Loop Industries?
Daniel Solomita is the current CEO of Loop Industries. They have also founded this company.
How many employees does Loop Industries have?
As of Feb 28, 2024, the latest employee count at Loop Industries is 49.
What is the annual revenue of Loop Industries?
Annual revenue of Loop Industries is $10.89M as on Feb 28, 2024.
What does Loop Industries do?
Loop Industries was founded in 2015 in Terrebonne, Canada. Operations focus on recycling waste polyethylene terephthalate (PET) plastics, including water bottles, colored and opaque containers, polyester fibers, and thermoforms, into purified terephthalic acid (PTA) and mono ethylene glycol (MEG). Services are provided to sectors such as plastic manufacturing, waste management, and consumer goods packaging. The companys technology supports sustainable material production for industrial applications.
Who are the top competitors of Loop Industries?
Loop Industries's top competitors include APK, Plastic Energy and Srichakra Polyplast.
What products or services does Loop Industries offer?
Loop Industries offers Infinite Loop Technology.
Is Loop Industries publicly traded?
Yes, Loop Industries is publicly traded on NASDAQ under the ticker symbol LOOP.
Who are Loop Industries's investors?
Loop Industries has 2 investors. Key investors include Reedsocietegeneralegroup, and Skglobalchemical.
What is Loop Industries's ticker symbol?
The ticker symbol of Loop Industries is LOOP on NASDAQ.
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