Loliware raises total of $15.4 in pre-series A funding for seaweed materials tech

In California, with $6 million raised in its latest round of pre-series A funding, Loliware has raised a total of $15.4 million – making it the market’s best-funded seaweed materials tech company. Company officials said they will use the funds to focus on continued growth in the seaweed materials market, launch several new products and novel seaweed resins, and expand the company’s research and development capabilities.

This most recent round of funders includes investors L Catterton, CityRock Venture Partners, Alumni Ventures Group, Geekdom Fund, Ehukai Investments, 5 Pillars Capital, Kilara Capital founder and managing director Ben Krasnostein, Clay Rockefeller, Kiss the Ground co-founder Ryland Engelhart, Nutiva founder and former CEO John Roulac, Blue Bottle Coffee founder Bryan Meehan, and others. U.S.-based plastics manufacturer Sinclair and Rush has committed capital as well.