Oregon Sports Angels made an investment in Looptworks, a Portland, OR business that upcycles or re-purposes abandoned, pre-consumer and post-consumer materials into limited-edition products.
According to the Portland Business Journal, the’ investment was a “solid six-figures” and Oregon Sports Angels’ largest to date. Founded in December 2017 to provide capital and mentorship to startups in the athletic and outdoor industry in the Northwest, Oregon Sports Angels has made four investments.
Looptworks has recently recent deals with the NBA and the University of Oregon to recycle retired uniforms into new items, such as backpacks, hip packs and pillows.
