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Circ Raises Over $30 Million, Expanding The Potential To Recycle Clothing And Eliminate Clothing Waste, With Investments From Apparel And Technology Industry Giants

Circ Raises Over $30 Million, Expanding The Potential To Recycle Clothing And Eliminate Clothing Waste, With Investments From Apparel And Technology Industry Giants

07/15/22, 1:12 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgdanville
Money raised
$30 million
Industry
clothing and apparel
design
software
commerce and shopping
The circular fashion company Circ announced over $30 million in Series B funding backed by some of the largest international apparel companies and venture capital firms. The investment will help to drive new progress for Circ as they fulfill their mission of protecting the planet from the cost of clothing. The round was led by the Bill Gates-founded Breakthrough Energy Ventures (BEV) with additional investment from new partners, including one of the world's largest fashion retailers Inditex, global diversified manufacturer and leader in American textiles Milliken & Company, and international investment groups Lansdowne Partners and Temasek. Previous investors joining Circ's latest round of funding include 8090 Partners, Alante Capital, Card Sound Capital, Circulate Capital, Envisioning Partners, and Marubeni.

Company Info

Company
Circ
Location
danville, kentucky, united states
Additional Info
The circular fashion company Circ announced over $30 million in Series B funding backed by some of the largest international apparel companies and venture capital firms. This latest round of funding will help the company complete its engineering work for larger-scale facilities while continuing commercial launches with key partners. Continue ReadingCirc's patented recycling technologyCirc developed the revolutionary technology system that returns clothes to the raw materials from which they were made, preserving the earth's natural resources in nature. With a business model focused on meeting customer desires in a sustainable way, Inditex is committed to achieving climate neutrality by 2040.Press Contacts:Karen Navarre Wicki | Circ: [email protected]SOURCE Circ