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US-based alternative materials startup Loliware has closed a $15.4 million pre-Series A round. The round included participation from L Catterton, Alumni Ventures Group, Blue Bottle Coffee founder Bryan Meehan, and many others. Longtime plastics manufacturer Sinclair and Rush, with whom Loliware has a manufacturing partnership, has also committed capital. Loliware will use the funding to launch single-use plastic alternatives made from its novel seaweed resins.
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