
US based company Circ has created a solution to enable the recycling of polycotton fabrics, to tackle textile waste. The company recently concluded its latest US$25m funding round to scale this technology.
US-based textile-to-textile recycling innovator Circ has secured US$25m to scale its technology on an industrial scale.
The company closed this investment round, which was led by Taranis, through its latest carbon ventures fund, with continued support from existing investors including Inditex and Avery Dennison.
Circ is using this investment to build upon 18 months of technical advancements as it moves towards commercialism. The funds will be used to scale up Circ’s recycling technology, driving forward its goal to convert fashion waste into a sustainable, circular economy model.
Already, Circ has demonstrated its ability to recycle polycotton blends and recover both fractions – polyester and cotton – for textiles, having secured retail collaborations with brands include Zara, Mara Hoffman and United Arrows, for example. This investment moves Circ closer to launching its first industrial-scale blended textile recycling plant.
Luke Henning, chief business officer, at Circ told WTiN: “This investment goes towards the engineering costs of our facility. A lot of the engineering costs are up front and as a startup you split these costs out, in an almost separate investment tranche, to help you progress your engineering and further de-risk any facility so that when
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