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.

Who is the current CEO of Loop Industries?

Daniel Solomita of Loop Industries. They have also founded 1 company.

How many employees does Loop Industries have?

As of May 31, 2026, the latest employee count at Loop Industries is 49.

Is Loop Industries a funded company?

Loop Industries is a funded company, having raised an undisclosed amount across 8 funding rounds to date. The company's 1st funding round was a $***** Post IPO round, raised on May 08, 2017.

When was the latest funding round of Loop Industries?

Loop Industries' latest funding was a $***** Post IPO round on Jun 03, 2026, with participation from 1 investor. Its primary sector is Solid Waste Management Tech. In Canada, the Solid Waste Management Tech sector has seen $88.1M in funding in 2026 to date.

What is the annual revenue of Loop Industries?

Annual revenue of Loop Industries is less than $1M as on Feb 28, 2025

Where does Loop Industries rank among its competitors?

Loop Industries ranks 9th amongst 147 active competitors, of which 37 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Karo Sambhav, which secured $6M in Jun, 2026.

Who are the top competitors of Loop Industries?

Loop Industries' top competitors include Srichakra, Dalmia Polypro Industries and Banyan Nation. Among them, Karo Sambhav secured the most recent funding round in June, 2026.

Loop Industries - 2026 Company Profile, Team, Funding, Competitors & Financials

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

Post IPO, Jun 03, 2026, $*****

Investors

DekaBank & 5 more

Ranked

9^th among 147 active competitors

Annual Revenue

$0 - $1M as on Feb 28, 2025

Employee Count

49 as on May 31, 2026

Similar Companies

Srichakra & 88 more

Exit Details

Public

View Loop Industries' full profile

Loop Industries is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Loop Industries, Inc. CIN: 1504678 , United States, Active		$0 - $1M (As on Feb 28, 2025)	-	-

Loop Industries got listed on Nov 20, 2017.

Click here to take a look at Loop Industries's IPO in detail

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

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 03, 2026	1688549	Post IPO	5552507	3620548	2108254	5095289
Dec 13, 2024	3446682	Post IPO	5833641	2136961	2078545	Reedsocietegeneralegroup
Jul 29, 2021	1091771	Post IPO	2994939	3310258	7876850	2497500

Access funding benchmarks and valuations. Sign up today!

View details of Loop Industries's funding rounds and investors

The 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 and founder of 1 other company.
Contact Info: 1 email address

View details of Loop Industries's Founder profiles and Board Members

Loop Industries' employee count trend

Loop Industries has 49 employees as of May 26. Here is Loop Industries's employee count trend over the years:

Employee count trend for Loop Industries

Uncover Loop Industries' growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Loop Industries include Srichakra, Dalmia Polypro Industries and Banyan Nation. Here is the list of Top 10 competitors of Loop Industries, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Srichakra 2010, Hyderabad (India), Series A	Provider of plastic waste recycling, offering products, solutions, and equipment	$21.3M	Niveshaay, Circulate Capital & 61 others	66/100
2nd	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	Circulate Capital, Elcid Investments & 12 others	62/100
3rd	Banyan Nation 2013, Hyderabad (India), Series B	Provider of recycling services for transforming plastic waste into granules	$800K	CIIE, Artha & 6 others	59/100
4th	Samsara Eco 2021, Queanbeyan (Australia), Series A	Developer of enzymatic technology for infinite plastic recycling	$106M	Main Sequence, Temasek & 14 others	58/100
5th	Karo Sambhav 2017, Gurugram (India), Seed	Provider of circular economy solutions for e-waste, plastic, and battery waste management	$6M	Rainmatter	57/100
6th	Plastic Energy 2011, London (United Kingdom), Series A	Operator of chemical recycling plants converting end-of-life plastics into recycled feedstock	$168M	Sealed Air, M&G & 3 others	56/100
7th	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	Lowercarbon Capital, Extantia & 20 others	56/100
8th	Jeplan 2007, Chiyoda City (Japan), Series D	Plastic processing technology developer	$30.5M	Real Tech Holdings, Baillie Gifford & 22 others	55/100
9th	Loop Industries 2015, Terrebonne (Canada), Public	Producer of waste polyethylene terephthalate (PET) plastics and polyester fibers	-	DekaBank, National Research Council Canada ... & 4 others	54/100
10th	Vanden 2005, Lisburn (United Kingdom), Seed	Provider of plastic recycling services, connecting supply and demand worldwide	$1.01M	-	52/100