LOLIWARE

About:

LOLIWARE is an award-winning materials tech company dedicated to replacing single-use plastics with seaweed.

Website: https://www.loliware.com/

Top Investors: Alumni Ventures, L Catterton, Tech Square Ventures, Castor Ventures, For Good Ventures

Description:

LOLIWARE’s mission is to advance the planet towards a plastic-free, decarbonized future with products that are Designed to Disappear. We’re an award-winning materials tech company and we are replacing single-use plastics with bio-renewable seaweed-derived alternatives. The team bringing this vision to life is a diverse and global group of planetary visionaries, scientists, engineers, business leaders, strategists, and technologists with a shared vision for a plastic-free future. And additionally, we’ve formed a very high caliber scientific advisory board with Dr. Carlos Duarte, a world-renowned marine scientist guiding our seaweed supply chain, Dr. Louis Metzger formerly chief scientific officer at Tierra Biosciences, and Dr. Garret Miyake, an award-winning chemist, Sloan research fellow, and co-founder of Cypris materials. There’s an increasing number of biobased alternatives on the market, but not all products are created equal. There are concerns about their true environmental impact as compared to plastic. Biodegradability is one critical factor to consider, but we must also look at the carbon footprint. Some current options such as paper straws carry a carbon footprint of 2-3X more than plastic itself while others have made false claims around their biodegradability. A better future necessitates an alternative that is proven to be compostable, carbon negative, and scalable. LOLIWARE was just awarded top product of the year from Environmental + Energy leader because they believe we have the ability to set a new industry standard for single-use plastics Our first product is a home compostable, ocean safe, tree-free, drinking straw. But it’s important to note that LOLIWARE is not a straw company, we are a biopolymer company with applications in every category of single-use plastics. LOLIWARE is focused on 6 new products by the close of 2023.