Loop Industries - About the company
Loop Industries is a public company based in Terrebonne (Canada), founded in 2015 by Daniel Solomita. It operates as a Producer of waste polyethylene terephthalate (PET) plastics and polyester fibers. Loop Industries has raised an undisclosed amount in funding. The company has 162 active competitors, including 38 funded and 11 that have exited. Its top competitors include companies like Srichakra, Karo Sambhav and Samsara Eco.
Company Details
Producer of waste polyethylene terephthalate (PET) plastics and polyester fibers. It caters to industries such as plastic manufacturing, waste management, and consumer goods packaging industries. It is a manufacturer of PTA (Purified Terephthalic Acid) and MEG (Mono Ethylene Glycol). Its technology can recycle PET plastics such as plastic water bottle, colored plastic container, opaque plastic container, polyester fibers, and thermoforms.
- Website
- loopindustries.com
- Social
- Email ID
- *****@loopindustries.com
- Phone Number
- +1 **********
Key Metrics
Founded Year
2015
Location
Terrebonne, Canada
Stage
Public
Latest Funding Round
Investors
Ranked
15th among 162 active competitors
Annual Revenue
$0 - $1M as on Feb 28, 2026
Employee Count
46 as on Sep 30, 2026
Exit Details
Public
Legal entities associated with Loop Industries
Loop Industries is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
Loop Industries, Inc. CIN: 1504678 , United States, Active | $0 - $1M (As on Feb 28, 2026) | - | - |
Loop Industries's IPO details
Loop Industries got listed on Nov 20, 2017.
Click here to take a look at Loop Industries's IPO in detail
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Loop Industries's funding and investors
Loop Industries has raised funding over 8 rounds. Its first funding round was on May 08, 2017. Its latest funding round was a Post IPO round on Jun 03, 2026 for $*****. 1 investor participated in its latest round. Loop Industries has 6 institutional investors.
Here is the list of recent funding rounds of Loop Industries:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 03, 2026 | 1683827 | Post IPO | 9504614 | 3749930 | 8473837 | 8755605 |
Dec 13, 2024 | 1310842 | Post IPO | 4399426 | 6029004 | 3183700 | |
Jul 29, 2021 | 2751445 | Post IPO | 1484518 | 2569635 | 6050659 | 1436062 |
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Loop Industries' founders and board of directors
Founder? Claim ProfileThe founders of Loop Industries is Daniel Solomita. Daniel Solomita is the CEO of Loop Industries.
Here are the details of Loop Industries' key team members:
- Daniel Solomita: Founder & CEO of Loop Industries. Contact Info: 1 email address
View details of Loop Industries's Founder profiles and Board Members
Loop Industries' employee count trend
Loop Industries has 46 employees as of Sep 26. Here is Loop Industries's employee count trend over the years:
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Loop Industries's Competitors and alternates
Top competitors of Loop Industries include Srichakra, Karo Sambhav and Samsara Eco. Here is the list of Top 10 competitors of Loop Industries, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of plastic waste recycling, offering products, solutions, and equipment | $21.3M | 67/100 | ||
2nd | Karo Sambhav 2017, Gurugram (India), Seed | Provider of circular economy solutions for e-waste, plastic, and battery waste management | $6M | 59/100 | |
3rd |  Samsara Eco 2021, Queanbeyan (Australia), Series A | Developer of enzymatic technology for infinite plastic recycling | $106M | 59/100 | |
4th |  Epoch Biodesign 2019, London (United Kingdom), Series A | Developer of biorecycling platform for mixed plastics and textiles. It utilizes AI-designed enzymes to enable infinite recycling at low temperatures. The platform produces sustainable outputs usable in apparel, automotive, and packaging industries. The company's process addresses the challenging recycling of materials like nylon and polyester. Its approach combines AI, synthetic biology, materials science, and process engineering to create innovative solutions for waste management. | $41.3M | 56/100 | |
5th | Banyan Nation 2013, Hyderabad (India), Series B | Provider of recycling services for transforming plastic waste into granules | $800K | 55/100 | |
6th | Plastic processing technology developer | $30.5M | 54/100 | ||
7th |  Dalmia Polypro Industries 2006, Mumbai (India), Series A | 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. | $10.8M | 53/100 | |
8th |  Green Worms 2014, Kozhikode (India), Seed | Provider of sustainable waste management solutions and recycled plastic materials | $1.04M | 53/100 | |
9th | Manufacturer of recycling systems for processing clean and contaminated plastic waste | - | - | 49/100 | |
10th |  Plastic Energy 2011, London (United Kingdom), Series A | Manufacturer of technology converting end of life plastic into feedstock | $168M | 49/100 | |
15th | Loop Industries 2015, Terrebonne (Canada), Public | Producer of waste polyethylene terephthalate (PET) plastics and polyester fibers | - | 46/100 |
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Loop Industries's Investments and acquisitions
Loop Industries has made no investments or acquisitions yet.
Reports related to Loop Industries
Here is the latest report on Loop Industries's sector:
News related to Loop Industries
Filter this listMedia has covered Loop Industries for a total of 16 events in the last 1 year, 5 of them have been about company updates and 3 about people movement.
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Loop Industries Reports Q2 Fiscal 2027 Results and Announces Plan to Expedite India Facility DevelopmentNewswire•Oct 16, 2026•Loop Industries
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Loop Industries GAAP EPS of -$0.06 in-line, revenue of $0.12M misses by $0.19M (NASDAQ:LOOP)Seeking Alpha•Oct 15, 2026•Loop Industries
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Loop Industries Forms Strategic Alternatives Committee to Maximize Shareholder ValueNewswire•Sep 18, 2026•Loop Industries
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Loop Industries Reports First Quarter Fiscal 2027 Results and Provides Update on Commercialization ProgressNewswire•Jul 15, 2026•Loop Industries
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Loop Industries Appoints Institutional Shareholder Jeff Geygan to Board; GVIC Outlines Intent to Increase Ownership StakeNewswire•Jun 22, 2026•Loop Industries
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Loop Industries Secures Funding for Commercial Deployment of Proprietary Plastic Recycling ProcessWebDisclosure•Jun 03, 2026•Loop Industries, Government of Canada
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Loop Industries Secures Gujarat Government Support for First Commercial Deployment and India ExpansionNewswire•May 19, 2026•Loop Industries
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Loop Industries' JV Chooses Germany for 1st European Infinite Loop FacilityNewswire•Feb 17, 2026•Loop Industries, BASF
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