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Eco-Friendly Packaging Firm Cirkla Raises $3 Million In Funding From Matrix Partners, Stellaris Venture

Sep 05, 2023•almost 2 years ago

Amount Raised

$3 Million

Round Type

seed

Chicago

Description

Cirkla, a sustainable packaging company, has raised $3 million in a pre-seed funding round that was led by venture capital firms Matrix Partners India and Stellaris Venture Partners.The round also saw participation from other prominent angel investors.Elevate Your Tech Process with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Professional Certificate in Digital MarketingVisitIndian School of BusinessISB Digital TransformationVisitIIM LucknowIIML Executive Programme in Data ScienceVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitIn a statement, the startup said it will utilise the fresh capital to expand operations, strengthen the salesforce, and invest in new innovative technologies.Founded earlier this year by Vaibhav Goel, Ankur Gupta and Kapil Bhardwaj, US-based Cirkla provides a comprehensive eco-friendly packaging platform. It offers brands with the tools and expertise to evaluate the environmental impact of packaging, create sustainable alternatives and facilitate large-scale manufacturing processes.“According to various reports, exceptional potential lies ahead for Cirkla, as the worldwide sustainable packaging sector is anticipated to double in size and exceed $500 billion by the year 2030,” said Goel, the startup’s cofounder and CEO.Powered ByVideo Player is loading.Play VideoPlaySkip BackwardMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently behind liveLIVERemaining Time -0:00 1xPlayback RateChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions and subtitles off, selectedAudio TrackPicture-in-PictureFullscreenThis is a modal window.No compatible source was found for this media.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanOpacityOpaqueSemi-TransparentText BackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanOpacityOpaqueSemi-TransparentTransparentCaption Area BackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanOpacityTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.AdvertisementCirkla follows a three-step strategy to assist brands in achieving sustainable packaging solutions. This process involves evaluating the brand’s portfolio, creating designs and prototypes, and managing worldwide distribution

Company Information

Company

Cirkla Inc.

Location

Chicago, Illinois, United States

About

Cirkla enables brands to meet their packaging sustainability goals. Brands have committed to a range of sustainability goals such as becoming Plastic-Free, 100% recyclable, 90% PCR, etc. However, the path to get there is challenging. Customized solutions have to be built that are commercially scalable & economically viable, while not compromising on performance. Meet Cirkla. We partner with brands in their end-to-end journey comprising: - Packaging Assessment: Our in-house team of packaging experts help with assessing & benchmarking the existing packaging SKUs to identify opportunities. We build detailed action plans with roadmaps and quick-wins for high impact SKUs. - Developing solutions: We become the development partner for designing & prototyping viable alternatives to virgin plastic. - Global Manufacturing & Delivery: We have a large manufacturing network in Asia for molded fiber & recycled polymers for commercial production and reliable delivery. Cirkla is run by people who believe that sustainability goes hand in hand with economic growth. The founding team has worked across startups, strategy consulting, reputed CPG firms such as Unilever, P&G and J&J, and has built multiple businesses from the ground-up. We are deeply passionate about creating a meaningful impact on the planet, while being profitable. Cirkla is HQ’d in the US and has teams in India and China. We are backed by global Tier 1 VCs. Want to know more about our climate-conscious solutions? Email us at contact@gocirkla.com or visit us at www.gocirkla.com

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